The following tables set forth the Company’s cash equivalents and marketable securities that were measured at fair value on a recurring basis by level within the fair value hierarchy as of June 30, 2026 and December 31, 2025 (in thousands):


	Fair Value Measurements as of June 30, 2026:
	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	45,263	$	—	$	—	$	45,263
Commercial paper	—		4,336		—		4,336
Corporate bonds	—		800		—		800
Short-term marketable securities
Certificates of deposit	—		25,000		—		25,000
Commercial paper	—		28,894		—		28,894
Corporate notes/bonds	—		100,399		—		100,399
U.S. Government agencies	—		2,002		—		2,002
U.S. Treasury securities	—		—		—		—
Long-term marketable securities
Corporate notes/bonds	—		4,001		—		4,001
U.S. Government agencies	—		1,000		—		1,000
Total fair value of assets	$	45,263	$	166,432	$	—	$	211,695


	Fair Value Measurements as of December 31, 2025:
	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	86,714	$	—	$	—	$	86,714
Commercial paper	—		3,995		—		3,995
Corporate bonds	—		—		—		—
Short-term marketable securities
Certificates of deposit	—		40,182		—		40,182
Commercial paper	—		35,814		—		35,814
Corporate notes/bonds	—		47,928		—		47,928
U.S. Government agencies	—		1,251		—		1,251
U.S. Treasury securities	—		1,995		—		1,995
Long-term marketable securities
Corporate notes/bonds	—		20,341		—		20,341
U.S. Government agencies	—		6,003		—		6,003
Total fair value of assets	$	86,714	$	157,509	$	—	$	244,223