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 assets and liabilities are measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025 (in thousands):

 

 

June 30, 2026

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

10,327

 

 

$

—

 

 

$

—

 

 

$

10,327

 

Yankee CD

 

 

—

 

 

 

500

 

 

 

—

 

 

 

500

 

Short-term marketable securities at fair value

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury and government agencies

 

 

6,011

 

 

 

498

 

 

 

—

 

 

 

6,509

 

Corporate debt

 

 

—

 

 

 

16,372

 

 

 

—

 

 

 

16,372

 

Asset-backed securities

 

 

—

 

 

 

8,728

 

 

 

—

 

 

 

8,728

 

Yankee CD

 

 

—

 

 

 

1,400

 

 

 

—

 

 

 

1,400

 

Total assets

 

$

16,338

 

 

$

27,498

 

 

$

—

 

 

$

43,836

 

 

 

 

December 31, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

7,836

 

 

$

—

 

 

$

—

 

 

$

7,836

 

Short-term marketable securities at fair value

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury and government agencies

 

 

6,218

 

 

 

500

 

 

 

—

 

 

 

6,718

 

Corporate debt

 

 

—

 

 

 

19,302

 

 

 

—

 

 

 

19,302

 

Asset-backed securities

 

 

—

 

 

 

10,438

 

 

 

—

 

 

 

10,438

 

Yankee CD

 

 

—

 

 

 

1,201

 

 

 

—

 

 

 

1,201

 

Total assets

 

$

14,054

 

 

$

31,441

 

 

$

—

 

 

$

45,495