Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Summary of Financial Assets Measured at Fair Value on Recurring Basis

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis and their respective input levels based on the fair value hierarchy described in Note 2 to the audited financial statements included in the Company’s 2025 10-K (in thousands):


						Fair Value Measurements Using
As of June 30, 2026		Amount				Level 1				Level 2				Level 3
Assets
Money market funds (1)		$	16,304			$	16,304			$	—			$	—
U.S. government obligations (2)			52,413				—				52,413				—
Total fair value of assets		$	68,717			$	16,304			$	52,413			$	—

(1)

Included in cash and cash equivalents on the balance sheets.

(2)

Included in short-term investments on the balance sheets.


						Fair Value Measurements Using
As of December 31, 2025		Amount				Level 1				Level 2				Level 3
Assets
Money market funds (1)		$	16,100			$	16,100			$	—			$	—
U.S. government obligations (2)			89,713				—				89,713				—
Total fair value of assets		$	105,813			$	16,100			$	89,713			$	—

(1)

Included in cash and cash equivalents on the balance sheets.

(2)

Included in short-term investments on the balance sheets.