Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values (in thousands):


		June 30, 2026
		Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents		$	24,525			$	—			$	—			$	24,525
Restricted cash equivalents			986				—				—				986
Marketable securities:
Treasury bills			94,656				—				—				94,656
Treasury notes			98,910				—				—				98,910
Commercial paper			—				7,868				—				7,868
Total marketable securities			193,566				7,868				—				201,434
Total financial assets		$	219,077			$	7,868			$	—			$	226,945


		December 31, 2025
		Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents		$	207,599			$	—			$	—			$	207,599
Restricted cash equivalents			985				—				—				985
Treasury bills			90,328				—				—				90,328
Total financial assets		$	298,912			$	—			$	—			$	298,912