Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value

Financial instruments measured at fair value are as follows (in thousands):


June 30, 2026		Level 1				Level 2				Level 3				Total
U.S. government bonds		$	40,972			$	—			$	—			$	40,972
Corporate debt securities			—				70,887				—				70,887
Agency bonds			—				28,838				—				28,838
Total assets measured at fair value		$	40,972			$	99,725			$	—			$	140,697


December 31, 2025		Level 1				Level 2				Level 3				Total
U.S. government bonds		$	9,234			$	—			$	—			$	9,234
Corporate debt securities			—				45,173				—				45,173
Agency bonds			—				11,937				—				11,937
Total assets measured at fair value		$	9,234			$	57,110			$	—			$	66,344