| Schedule of Financial Assets Measured at Fair Value on a Recurring Basis |
The following table summarizes the fair value hierarchy levels used to determine the fair values of the Company’s cash and cash equivalents and marketable securities:
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June 30, 2026 |
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December 31, 2025 |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Cash and cash equivalents: |
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Cash and money market fund,
mutual funds, commercial
paper and U.S. treasuries |
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$ |
119,527 |
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$ |
— |
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$ |
— |
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$ |
119,527 |
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$ |
154,659 |
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$ |
44,504 |
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$ |
— |
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$ |
199,163 |
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Total cash and cash equivalents |
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119,527 |
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— |
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— |
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119,527 |
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154,659 |
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44,504 |
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— |
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199,163 |
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Marketable securities: |
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Guaranteed investment
certificates |
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— |
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— |
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— |
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— |
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14,737 |
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— |
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— |
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14,737 |
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U.S. treasuries |
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369,255 |
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— |
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— |
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369,255 |
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142,593 |
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— |
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— |
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142,593 |
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Commercial paper |
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— |
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256,802 |
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— |
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256,802 |
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— |
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39,559 |
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— |
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39,559 |
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Corporate debt securities |
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— |
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499,513 |
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— |
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499,513 |
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— |
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189,986 |
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— |
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189,986 |
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Total marketable securities |
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369,255 |
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756,315 |
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— |
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1,125,570 |
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157,330 |
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229,545 |
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— |
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386,875 |
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Total |
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$ |
488,782 |
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$ |
756,315 |
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$ |
— |
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$ |
1,245,097 |
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$ |
311,989 |
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$ |
274,049 |
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$ |
— |
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$ |
586,038 |
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