| Schedule of cash equivalents and marketable securities |
The following tables show the Company’s cash equivalents and marketable securities measured at fair value as of June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
Total |
|
Quoted prices in active markets for identical assets (Level 1) |
|
Significant other observable inputs (Level 2) |
|
Significant unobservable inputs (Level 3) |
|
Cash equivalents: |
|
|
|
|
|
|
|
|
Money market funds |
$ |
50,630 |
|
$ |
50,630 |
|
$ |
— |
|
$ |
— |
|
Marketable securities: |
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
259,431 |
|
|
— |
|
|
259,431 |
|
|
— |
|
U.S. government agency securities |
|
20,678 |
|
|
— |
|
|
20,678 |
|
|
— |
|
Total marketable securities |
|
280,109 |
|
|
— |
|
|
280,109 |
|
|
— |
|
Total |
$ |
330,739 |
|
$ |
50,630 |
|
$ |
280,109 |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
Total |
|
Quoted prices in active markets for identical assets (Level 1) |
|
Significant other observable inputs (Level 2) |
|
Significant unobservable inputs (Level 3) |
|
Cash equivalents: |
|
|
|
|
|
|
|
|
Money market funds |
$ |
54,444 |
|
$ |
54,444 |
|
$ |
— |
|
$ |
— |
|
Marketable securities: |
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
133,264 |
|
|
— |
|
|
133,264 |
|
|
— |
|
U.S. government agency securities |
|
45,352 |
|
|
— |
|
|
45,352 |
|
|
— |
|
Total marketable securities |
|
178,616 |
|
|
— |
|
|
178,616 |
|
|
— |
|
Total |
$ |
233,060 |
|
$ |
54,444 |
|
$ |
178,616 |
|
$ |
— |
|
|