The following table presents the disclosed fair values of the Company’s held-to-maturity investments by level within the fair value hierarchy (in thousands):


As of June 30, 2026	Level 1		Level 2		Other(1)		Total

Cash equivalents
Money market funds	$	—	$	—	$	14,051	$	14,051


Investments
U.S. treasury securities	9,441		—		—		9,441
Corporate debt securities	—		7,994		—		7,994
Total	$	9,441	$	7,994	$	14,051	$	31,486


As of December 31, 2025	Level 1		Level 2		Other(1)		Total

Cash equivalents
Money market funds	$	—	$	—	$	8,729	$	8,729
Investments
U.S. treasury securities	9,473		—		—		9,473
Corporate debt securities	—		12,744		—		12,744
Total	$	9,473	$	12,744	$	8,729	$	30,946

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(1) Investments in money market funds measured at fair value using the net asset value per share practical expedient are not subject to hierarchy level classification disclosure. The Company invests in money market funds that seek to maintain a stable net asset value. These investments include commingled funds that comprise high-quality short-term securities representing liquid debt and monetary instruments where the redemption value is likely to be the fair value. Redemption is permitted daily without written notice.