v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities that are Measured at Fair Value on a Recurring Basis
The Company’s assets and liabilities that are measured at fair value on a recurring basis include the following as of June 30, 2026 and December 31, 2025, set forth by level within the fair value hierarchy:
As of June 30, 2026
(in thousands)Level 1Level 2Level 3Total
Assets
Money market funds$9,586 $— $— $9,586 
Short-term investments— 11,043 — 11,043 
Total Assets$9,586 $11,043 $— $20,629 
As of December 31, 2025
(in thousands)Level 1Level 2Level 3Total
Assets
Money market funds$9,416 $— $— $9,416 
Short-term investments— 11,078 — 11,078 
Total Assets$9,416 $11,078 $— $20,494 
Schedule of Fair Value of Level 3 Redeemable Convertible Preferred Stock Tranche Liability
The following table reflects the fair value of the Company's level 3 Redeemable Convertible Preferred Stock Tranche Liability for the three and six months ended June 30, 2025:
(in thousands)
Fair value of the Redeemable Convertible Preferred Stock Tranche Liability as of December 31, 2024$3,417 
Change in fair value of the Redeemable Convertible Preferred Stock Tranche Liability in March 20251,526 
Settlement of tranche in March 2025(4,943)
Fair value of the Redeemable Convertible Preferred Stock Tranche Liability as of June 30, 2025$—