v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Assets Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s financial instruments as of June 30, 2026 and December 31, 2025, 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

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (cash equivalents)

 

$

50,017

 

 

$

50,017

 

 

$

—

 

 

$

—

 

Marketable securities

 

 

364,457

 

 

 

354,231

 

 

 

10,226

 

 

 

—

 

Total financial assets measured at fair value

 

$

414,474

 

 

$

404,248

 

 

$

10,226

 

 

$

—

 

 

 

 

 

December 31, 2025

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (cash equivalents)

 

$

61,646

 

 

$

61,646

 

 

$

—

 

 

$

—

 

Marketable securities (cash equivalents)

 

 

12,466

 

 

 

12,466

 

 

 

—

 

 

 

—

 

Marketable securities

 

 

298,416

 

 

 

287,443

 

 

 

10,973

 

 

 

—

 

Total financial assets measured at fair value

 

$

372,528

 

 

$

361,555

 

 

$

10,973

 

 

$

—