v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of assets and liabilities measured at fair value on recurring basis

The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis and indicates their respective levels within the fair value hierarchy (in thousands):

 

 

 

 

AS OF JUNE 30, 2026

 

 

CLASSIFICATION

 

TOTAL

 

 

LEVEL 1

 

 

LEVEL 2

 

 

LEVEL 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

Cash and cash equivalents

 

$

292,119

 

 

$

292,119

 

 

$

—

 

 

$

—

 

Commercial paper

 

Short-term investments

 

 

12,346

 

 

 

—

 

 

 

12,346

 

 

 

—

 

Government and government agency bonds

 

Short-term investments

 

 

16,335

 

 

 

—

 

 

 

16,335

 

 

 

—

 

Corporate debt obligations

 

Short-term investments

 

 

19,259

 

 

 

—

 

 

 

19,259

 

 

 

—

 

Total assets

 

 

 

$

340,059

 

 

$

292,119

 

 

$

47,940

 

 

$

—

 

 

 

 

 

AS OF DECEMBER 31, 2025

 

 

CLASSIFICATION

 

TOTAL

 

 

LEVEL 1

 

 

LEVEL 2

 

 

LEVEL 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

Cash and cash equivalents

 

$

24,209

 

 

$

24,209

 

 

$

—

 

 

$

—

 

Commercial paper

 

Short-term investments

 

 

15,918

 

 

 

—

 

 

 

15,918

 

 

 

—

 

Government and government agency bonds

 

Short-term investments

 

 

43,407

 

 

 

—

 

 

 

43,407

 

 

 

—

 

Corporate debt obligations

 

Short-term investments

 

 

21,982

 

 

 

—

 

 

 

21,982

 

 

 

—

 

Total assets

 

 

 

$

105,516

 

 

$

24,209

 

 

$

81,307

 

 

$

—