Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Fair Value Assets and liabilities Measured on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2026 were as follows (in thousands):


	June 30, 2026
	Level 1		Level 2		Level 3		Total
	(unaudited)
Money market funds	$	50,646	$	—	$	—	$	50,646
U.S. Treasury notes	27,554		—		—		27,554
Commercial paper	—		17,095		—		17,095

Contingent consideration liabilities	—		—		—		—
Total	$	78,200	$	17,095	$	—	$	95,295

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 were as follows (in thousands):


	December 31, 2025
	Level 1		Level 2		Level 3		Total
Money market funds	$	45,062	$	—	$	—	$	45,062
U.S. Treasury notes	37,487		—		—		37,487
Commercial paper	—		7,431		—		7,431


Contingent consideration liabilities	—		—		(250)		(250)
Total	$	82,549	$	7,431	$	(250)	$	89,730

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table sets forth a summary of the changes in the estimated fair value of the contingent consideration liability, which is measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands):


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	(unaudited)
Balance as of December 31, 2025	$	250

Change in fair value of contingent consideration liability	(250)

Balance as of June 30, 2026	$	—