| Schedule of Fair Value, Assets Measured on Recurring Basis |
The following table presents information about the Company’s financial assets measured at fair value on a recurring basis based on the fair value hierarchy as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | As of June 30, 2026 | | Level 1 | | Level 2 | | | | Total Fair
Value | | Cash equivalents | | | | | | | | | Money market funds | $ | 84,575 | | | $ | — | | | | | $ | 84,575 | | | | | | | | | | | | | | | | | | | | | | | | | | | Total cash equivalents | $ | 84,575 | | | $ | — | | | | | $ | 84,575 | | | Marketable securities | | | | | | | | | U.S. treasury and agency securities | $ | — | | | $ | 227,172 | | | | | $ | 227,172 | | | Commercial paper | — | | | 19,344 | | | | | 19,344 | | | Corporate debt securities | — | | | 894,989 | | | | | 894,989 | | | | | | | | | | | | | | | | | | | Total marketable securities | $ | — | | | $ | 1,141,505 | | | | | $ | 1,141,505 | |
| | | | | | | | | | | | | | | | | | | | | As of December 31, 2025 | | Level 1 | | Level 2 | | | | Total Fair
Value | | Cash equivalents | | | | | | | | | Money market funds | $ | 142,772 | | | $ | — | | | | | $ | 142,772 | | | | | | | | | | | Commercial paper | — | | | 5,495 | | | | | 5,495 | | | Total cash equivalents | $ | 142,772 | | | $ | 5,495 | | | | | $ | 148,267 | | | Marketable securities | | | | | | | | | U.S. treasury and agency securities | $ | — | | | $ | 203,794 | | | | | $ | 203,794 | | | Commercial paper | — | | | 11,462 | | | | | 11,462 | | | Corporate debt securities | — | | | 805,949 | | | | | 805,949 | | | | | | | | | | | | | | | | | | | Total marketable securities | $ | — | | | $ | 1,021,205 | | | | | $ | 1,021,205 | |
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