The tables below identify the estimated fair value of the Company’s marketable securities, determined by reference to quoted market prices (Level 1), as of June 30, 2026, and December 31, 2025 (in thousands): | | | | | | | | | | | | | | | June 30, 2026 | | | Quoted Prices in Active Markets | | Significant Other | | Significant | | | | | | for Identical Instruments | | Observable Inputs | | Unobservable Inputs | | | | | | (Level 1) | | (Level 2) | | (Level 3) | | Total | Marketable securities | | $ | 70,938 | | $ | — | | $ | — | | $ | 70,938 |
| | | | | | | | | | | | | | | December 31, 2025 | | | Quoted Prices in Active Markets | | Significant Other | | Significant | | | | | for Identical Instruments | | Observable Inputs | | Unobservable Inputs | | | | | (Level 1) | | (Level 2) | | (Level 3) | | Total | Marketable securities | | $ | 67,840 | | $ | — | | $ | — | | $ | 67,840 |
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