Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

Schedule of Financial Instruments Measured on Recurring Basis

The following table sets forth the fair value of the Company’s financial assets and liabilities by level within the fair value hierarchy (in thousands):


Description:						June 30, 2026						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						$	36,220					$	36,220					$	—					$	—
U.S Treasury						7,701						7,701						—						—
Short-term investments:
U.S. Treasury						144,640						144,640						—						—
Corporate bonds						17,845						—						17,845						—
Commercial paper						25,673						—						25,673						—
Total						$	232,079					$	188,561					$	43,518					$	—


Description:						December 31, 2025						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						$	45,436					$	45,436					$	—					$	—
U.S. Treasury						16,434						16,434						—						—
Short-term investments:
U.S. Treasury						133,097						133,097						—						—
Corporate bonds						23,182						—						23,182						—
Commercial paper						14,397						—						14,397						—
Total						$	232,546					$	194,967					$	37,579					$	—