v3.26.1
Fair Value Measurements
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following tables present information about the Company’s financial instruments that are measured at fair value on a recurring basis and indicates the fair value hierarchy of the inputs the Company utilized to determine such fair value (in thousands):
June 30, 2026
Total
Level 1
Level 2
Level 3
Assets
Cash equivalents:
Money market funds
$62,821 $62,821 $— $— 
Marketable securities:
U.S. Treasury securities
137,745 137,745 — — 
Commercial paper
26,682 — 26,682 — 
Corporate debt
20,525 — 20,525 — 
Government agency securities
19,979 — 19,979 — 
Total financial assets
$267,752 $200,566 $67,186 $— 
December 31, 2025
Total Level 1 Level 2 Level 3
Assets
Cash equivalents:
Money market funds$51,962 $51,962 $— $— 
Commercial paper5,988 — 5,988 — 
Marketable securities:
 
 
 
U.S. Treasury securities
192,065 192,065 — — 
Commercial paper24,396 — 24,396 — 
Government agency securities23,575 — 23,575 — 
Corporate debt11,815 — 11,815 — 
Total financial assets
$309,801 $244,027 $65,774 $— 
During the three and six months ended June 30, 2026, there were no transfers or reclassifications between fair value measurement levels of assets or liabilities. The carrying values of prepaid expenses and other current assets, accounts payable and accrued expenses approximate their fair values due to the short-term nature of these assets and liabilities.