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 set forth the fair value of the Company’s financial assets and liabilities measured on a recurring basis by level within the fair value hierarchy (in thousands):
June 30, 2026
Level 1Level 2Level 3Total
Financial Assets
Money market funds$63,434 $— $— $63,434 
Commercial paper
— 7,560 — 7,560 
Certificates of deposit— 5,688 — 5,688 
Cash equivalents63,434 13,248 — 76,682 
Commercial paper— 17,536 — 17,536 
Marketable securities— 17,536 — 17,536 
Equity investments— — 3,500 3,500 
Non-current asset— — 3,500 3,500 
Total financial assets$63,434 $30,784 $3,500 $97,718 
December 31, 2025
Level 1Level 2Level 3Total
Financial Assets
Money market funds$104,294 $— $— $104,294 
Certificates of deposit— 16,865 — 16,865 
Cash equivalents104,294 16,865 — 121,159 
Total financial assets$104,294 $16,865 $— $121,159 
The Company’s financial assets consist of Level 1, Level 2, and Level 3 assets. The Company classifies its cash equivalents within Level 1 or Level 2 because they are valued using either quoted market prices or inputs other than quoted prices which are directly or indirectly observable in the market, including readily-available pricing sources for the identical underlying security which may not be actively traded. Certain other assets are classified within Level 3 because factors used to develop the estimated fair value are unobservable inputs that are not supported by market activity.