The following tables set forth the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025, based on the three-tier fair value hierarchy:


As of June 30, 2026	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market accounts	$	23,355	$	—	$	—	$	23,355
Available-for-sale securities:
U.S. government securities	21,390		—		—		21,390
Corporate debt securities	5,685		50,964		—		56,649
Other debt securities	—		11,034		—		11,034
Convertible promissory note	—		—		2,983		2,983
Total	$	50,430	$	61,998	$	2,983	$	115,411

As of December 31, 2025
Assets:
Cash equivalents:
Money market accounts	$	31,241	$	—	$	—	$	31,241
Available-for-sale securities:
U.S. government securities	20,749		—		—		20,749
Corporate debt securities	6,700		45,180		—		51,880
Other debt securities	—		14,510		—		14,510
Convertible promissory note	—		—		2,983		2,983
Total	$	58,690	$	59,690	$	2,983	$	121,363