v3.26.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedule of Assets Measured at Fair Value on Recurring Basis

The Company’s financial assets that are measured at fair value on a recurring basis by level within the fair value hierarchy are as follows:

 

 

As of June 30, 2026

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

514

 

 

$

 

 

$

 

 

$

514

 

Bank deposits

 

 

319,911

 

 

 

 

 

 

 

 

 

319,911

 

Marketable equity securities

 

 

82,990

 

 

 

 

 

 

 

 

 

82,990

 

Contingent consideration (earnout) received in connection with sale of business assets

 

 

 

 

 

 

 

 

2,933

 

 

 

2,933

 

Total assets measured at fair value

 

$

403,415

 

 

$

 

 

$

2,933

 

 

$

406,348

 

 

 

As of December 31, 2025

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

8,403

 

 

$

 

 

$

 

 

$

8,403

 

Bank deposits

 

 

339,851

 

 

 

 

 

 

 

 

 

339,851

 

Marketable equity securities

 

 

84,154

 

 

 

 

 

 

 

 

 

84,154

 

Total assets measured at fair value

 

$

432,408

 

 

$

 

 

$

 

 

$

432,408