Investments and Fair Value Measurements

6 Months Ended

Jun. 30, 2026

Investments, Fair Value Disclosure [Abstract]

Investments and Fair Value MeasurementsFair Value of Financial InstrumentsThe following table presents the Company’s financial assets measured on a recurring basis by contractual maturity, including pricing

category, amortized cost and fair value. Gross unrealized gains and losses were not material for the periods presented. As of June 30, 2026

and December 31, 2025, the Company had no financial liabilities and no Level 3 financial assets.


	June 30, 2026		December 31, 2025
	Amortized Cost	Fair Value	Amortized Cost	Fair Value
	(In thousands)
Cash equivalents
Money market securities	$22,842	$22,842	$11,225	$11,225
U.S. treasury securities	997	997	12,952	12,955
Total cash equivalents	23,839	23,839	24,177	24,180

Short-term investments
U.S. treasury securities	23,637	23,629	13,618	13,640
Corporate notes and bonds	8,001	7,989	13,505	13,533
Total short-term investments	31,638	31,618	27,123	27,173

Long-term investments
U.S. treasury securities	—	—	1,959	1,971
Corporate notes and bonds	5,014	5,018	6,038	6,063
Total long-term investments	5,014	5,018	7,997	8,034
Total short and long-term investments	36,652	36,636	35,120	35,207
Total	$60,491	$60,475	$59,297	$59,387