v3.26.1
Fair Value Measurements
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The carrying amount of cash and cash equivalents, receivables, accounts payable, accrued compensation and benefits, and other accrued liabilities approximate fair value due to the short maturity of these instruments.
The following table presents the placement in the fair value hierarchy of financial assets that are measured at fair value on a recurring basis as of June 30, 2026:
Quoted Prices in Active Markets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		June 30,
2026
Assets
U.S. government debt securities$— $18,893 $— $18,893 
Certificates of deposit— 3,476 — 3,476 
Total$— $22,369 $— $22,369 
The following table presents the placement in the fair value hierarchy of financial assets that are measured at fair value on a recurring basis as of December 31, 2025:
Quoted Prices in Active Markets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		December 31,
2025
Assets
U.S. government debt securities$— $66,676 $— $66,676 
Certificates of deposit— 3,398 — 3,398 
Corporate bonds
— 61 — 61 
Total$— $70,135 $— $70,135 
The method used to estimate the fair value of the Level 2 investments in the tables above is based on professional pricing sources for identical or comparable instruments, rather than direct observations of quoted prices in active markets.
Also see Note 11 regarding Warrant liabilities and the change in fair value of warrant liabilities recorded on the condensed consolidated statement of operations for the three and six months ended June 30, 2025. Also see Note 11 regarding the recording of Preferred stock PIK dividends for the three and six months ended June 30, 2025.