v3.26.1
Financial Instruments and Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured at Fair Value
The following tables provide information about the Company’s financial instruments that are measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques utilized to determine such values as of June 30, 2026 and December 31, 2025:
June 30, 2026
Level 1Level 2Total
(in thousands)
Assets:
Cash equivalents:
Money market funds$2,063 $— $2,063 
Commercial paper— 10,662 10,662 
U.S. government agency bonds— 150 150 
Total cash equivalents2,063 10,812 12,875 
Marketable securities:
U.S. treasury securities— 6,755 6,755 
Corporate debt securities— 824 824 
U.S. government agency bonds— 2,682 2,682 
Total marketable securities— 10,261 10,261 
Total assets at fair value$2,063 $21,073 $23,136 
December 31, 2025
Level 1Level 2Total
(in thousands)
Assets:
Cash equivalents:
Money market funds$5,030 $— $5,030 
Commercial paper— 6,681 6,681 
Corporate debt securities— 849 849 
U.S. government agency bonds— 697 697 
Total cash equivalents5,030 8,227 13,257 
Marketable securities, current:
Corporate debt securities— 2,374 2,374 
U.S. treasury securities— 6,126 6,126 
U.S. government agency bonds— 998 998 
Total marketable securities, current— 9,498 9,498 
Total assets at fair value$5,030 $17,725 $22,755 
Schedule of Marketable Securities by Contractual Maturities
The following table presents the fair value of the Company’s marketable securities by contractual maturities as of June 30, 2026:
June 30, 2026
Less than 1 year1 to 2 yearsTotal
(in thousands)
U.S. treasury securities$3,327 $3,428 $6,755 
Corporate debt securities824 — 824 
U.S. government agency bonds1,683 999 2,682 
Total marketable securities$5,834 $4,427 $10,261