v3.26.1
Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Marketable Securities Measured at Fair Value on Recurring Basis
The table below summarizes the fair value of the Company’s marketable securities measured at fair value on a recurring basis based on the three-tier fair value hierarchy:
June 30, 2026
Level 1Level 2Level 3Total
(in thousands)
Marketable securities
Money market funds$28,611 $— $— $28,611 
U.S. treasury securities100,951 — — 100,951 
Commercial paper— 11,862 — 11,862 
Total marketable securities$129,562 $11,862 $— $141,424 
December 31, 2025
Level 1Level 2Level 3Total
(in thousands)
Marketable securities
Money market funds
$28,524 $— $— $28,524 
U.S. treasury securities106,471 — — 106,471 
U.S. agency bonds— 4,112 — 4,112 
Total marketable securities$134,995 $4,112 $— $139,107