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FAIR VALUE MEASUREMENTS
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values:

Fair value measurements at June 30, 2026 using:

Level 1

Level 2Level 3Total
Assets:





Cash equivalents:
Money market funds$18,115 $— $— $18,115 
Investments:
Commercial paper— 17,052 — 17,052 
Corporate bonds— 65,277 — 65,277 
U.S. Government agencies— 8,983 — 8,983 
Total$18,115 $91,312 $— $109,427 

Fair value measurements at December 31, 2025 using:

Level 1

Level 2Level 3Total
Assets:





Cash equivalents:
Money market funds$19,906 $— $— $19,906 
Investments:
Commercial paper— 14,885 — 14,885 
Corporate bonds— 78,745 — 78,745 
U.S. Government agencies— 14,032 — 14,032 
Total$19,906 $107,662 $— $127,568 
When developing fair value estimates, the Company maximizes the use of observable inputs and minimizes the use of unobservable inputs. When available, the Company uses quoted market prices to measure fair value. The valuation technique used to measure fair value for the Company's Level 1 and Level 2 assets is a market approach, using prices and other relevant information generated by market transactions involving identical or comparable assets. If market prices are not available, the fair value measurement is based on models that use primarily market-based parameters including yield curves, volatilities, credit ratings and currency rates. In certain cases where market rate assumptions are not available, the Company is required to make judgments about assumptions market participants would use to estimate the fair value of a financial instrument.
There were no transfers in or out of Level 3 categories in the periods presented.