v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value on a Recurring Basis
The following table presents the Company’s assets, measured and recognized at fair value on a recurring basis, classified under the appropriate level of the fair value hierarchy as of June 30, 2026 (in thousands):
As of June 30, 2026
Total carrying and estimated fair valueQuoted prices in active markets
(Level 1)		Significant other observable inputs (Level 2)Significant unobservable inputs (Level 3)
Assets:
Cash and cash equivalents$117,735 $117,735 $— $— 
Marketable debt securities, available-for-sale371,442 — 371,442 — 
Total$489,177 $117,735 $371,442 $— 
The following table presents the Company’s assets, measured and recognized at fair value on a recurring basis, classified under the appropriate level of the fair value hierarchy as of December 31, 2025 (in thousands):
As of December 31, 2025
Total carrying and estimated fair valueQuoted prices in active markets
(Level 1)		Significant other observable inputs (Level 2)Significant unobservable inputs (Level 3)
Assets:
Cash and cash equivalents$93,035 $93,035 $— $— 
Marketable debt securities, available-for-sale229,761 — 229,761 — 
Total$322,796 $93,035 $229,761 $—