The Company held certain assets that are required to be measured at fair value on a recurring basis as of June 30, 2026, as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurement as of June 30, 2026 Using | | Total Fair Value | | Quoted Prices in
Active Markets for
Identical Assets | | Significant Other
Observable Inputs | | Significant
Unobservable
Inputs | | (in thousands) | | (Level 1) | | (Level 2) | | (Level 3) | | U.S. Treasury and government agencies | $ | 97,804 | | | $ | 97,804 | | | $ | — | | | $ | — | | | Corporate debt | 16,343 | | | — | | | 16,343 | | | — | | | | | | | | | | | Total assets measured at fair value | $ | 114,147 | | | $ | 97,804 | | | $ | 16,343 | | | $ | — | |
The Company held certain assets that are required to be measured at fair value on a recurring basis as of December 31, 2025, as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurement as of December 31, 2025 Using | | Total Fair Value | | Quoted Prices in
Active Markets for
Identical Assets | | Significant Other
Observable Inputs | | Significant
Unobservable
Inputs | | (in thousands) | | (Level 1) | | (Level 2) | | (Level 3) | | U.S. Treasury and government agencies | $ | 153,735 | | | $ | 153,735 | | | $ | — | | | $ | — | | | Corporate debt | 25,261 | | | — | | | 25,261 | | | — | | | | | | | | | | | Total assets measured at fair value | $ | 178,996 | | | $ | 153,735 | | | $ | 25,261 | | | $ | — | |
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