v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Marketable Securities
The fair value of marketable securities as of June 30, 2026 and December 31, 2025 are summarized below:
June 30, 2026
Level 1Level 2Level 3
Assets:
Cash Equivalents
Money market funds$9,659 $— $— 
Short-term marketable securities at fair value
U.S. treasury and government agencies55,469 — — 
Corporate and international bonds— 19,064 — 
Total $65,128 $19,064 $ 
December 31, 2025
Level 1Level 2Level 3
Assets:
Cash Equivalents
Money market funds$11,799 $— $— 
Short-term marketable securities at fair value
U.S. treasury and government agencies76,678 — — 
Corporate and international bonds— 20,756 — 
Total $88,477 $20,756 $ 
Schedule of Changes in Level 3 Fair Value, Liabilities The following table presents the change in fair value of the preferred stock warrants and the Series E purchase option which are classified in Level 3 of the fair value hierarchy for the six months ended June 30, 2025:
June 30, 2025
Preferred stock warrant liabilitySeries E purchase option
Balance, January 1, 2025$970 $— 
Additions— 218 
Change in fair value1,415 11,719 
Exercises(418)(11,937)
Balance, June 30, 2025$1,967 $— 
Schedule of Fair Value Measurement Inputs and Valuation Techniques
The fair value of the preferred stock warrants were estimated as of June 30, 2025 using the following weighted average assumptions:
DescriptionJune 30, 2025
Weighted average volatility55.00 %
Weighted average risk-free rate3.79 %
Expected dividend yield— %