Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Assets Measured at Fair Value on a Recurring and Nonrecurring Basis

The following table presents the Company’s liabilities measured at fair value on a recurring and nonrecurring basis and indicates the fair value hierarchy of the valuation as of June 30, 2026 and December 31, 2025 (in thousands):


June 30, 2026	Level 1		Level 2		Level 3		Total
Assets
Cash and cash equivalents:
Money market funds	$	245,768	$	—	$	—	$	245,768
Total	$	245,768	$	—	$	—	$	245,768

Liabilities
Accrued expenses and other current liabilities
Derivative liabilities - cash flow hedges	$	—	$	878	$	—	$	878
Total	$	—	$	878	$	—	$	878


December 31, 2025	Level 1		Level 2		Level 3		Total
Assets
Cash and cash equivalents
Money market funds	$	236,425	$	—	$	—	$	236,425
Certificates of deposit	—		8,000		—		8,000
Total	$	236,425	$	8,000	$	—	$	244,425