| Summary of Cash Equivalents and Short-term Investments Measured at Fair Value on Recurring Basis |
Below is the summary of the Company’s cash equivalents and short-term investments measured at fair value on a recurring basis and categorized using the fair value hierarchy (in thousands):
|
|
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|
|
|
|
|
|
|
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|
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June 30, 2026 |
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Total |
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Cash equivalents |
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
42,420 |
|
|
$ |
- |
|
|
$ |
42,420 |
|
Total cash equivalents |
|
|
42,420 |
|
|
|
- |
|
|
|
42,420 |
|
Available-for-sale securities |
|
|
|
|
|
|
|
|
|
Securities of U.S. government and government agencies |
|
|
- |
|
|
|
66,804 |
|
|
|
66,804 |
|
Commercial paper |
|
|
- |
|
|
|
48,320 |
|
|
|
48,320 |
|
Corporate debt securities |
|
|
- |
|
|
|
70,258 |
|
|
|
70,258 |
|
Asset-backed securities |
|
|
- |
|
|
|
3,006 |
|
|
|
3,006 |
|
Total available-for-sale securities |
|
|
- |
|
|
|
188,388 |
|
|
|
188,388 |
|
Total cash equivalents and available-for-sale securities |
|
$ |
42,420 |
|
|
$ |
188,388 |
|
|
$ |
230,808 |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Total |
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
24,134 |
|
|
$ |
- |
|
|
$ |
24,134 |
|
Commercial paper |
|
|
- |
|
|
|
2,488 |
|
|
|
2,488 |
|
Corporate debt securities |
|
|
- |
|
|
|
826 |
|
|
|
826 |
|
Total cash equivalents |
|
|
24,134 |
|
|
|
3,314 |
|
|
|
27,448 |
|
Available-for-sale securities |
|
|
|
|
|
|
|
|
|
Securities of U.S. government and government agencies |
|
|
- |
|
|
|
30,010 |
|
|
|
30,010 |
|
Commercial paper |
|
|
- |
|
|
|
19,499 |
|
|
|
19,499 |
|
Certificates of deposit |
|
|
- |
|
|
|
1,721 |
|
|
|
1,721 |
|
Corporate debt securities |
|
|
- |
|
|
|
56,960 |
|
|
|
56,960 |
|
Asset-backed securities |
|
|
- |
|
|
|
5,918 |
|
|
|
5,918 |
|
Total available-for-sale securities |
|
|
- |
|
|
|
114,108 |
|
|
|
114,108 |
|
Total cash equivalents and available-for-sale securities |
|
$ |
24,134 |
|
|
$ |
117,422 |
|
|
$ |
141,556 |
|
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