| Schedule of marketable securities, available-for-sale |
The following tables set forth the Company’s financial assets that were measured at fair value on a recurring basis by level within the fair value hierarchy as of (in thousands):
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June 30, 2026 |
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Valuation |
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Amortized |
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Unrealized |
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Unrealized |
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Fair |
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Hierarchy |
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Cost |
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Gains |
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Losses |
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Value |
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Assets |
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Cash equivalents: |
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Money market funds |
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Level 1 |
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$ |
165,383 |
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$ |
— |
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$ |
— |
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|
$ |
165,383 |
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Total cash equivalents |
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165,383 |
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— |
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— |
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165,383 |
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Short-term marketable securities: |
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Commercial paper |
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Level 2 |
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20,481 |
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— |
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(20 |
) |
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20,461 |
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Corporate debt securities |
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Level 2 |
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2,980 |
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— |
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(2 |
) |
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2,978 |
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U.S. Treasury securities |
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Level 2 |
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40,963 |
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6 |
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(30 |
) |
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40,939 |
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Agency securities |
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Level 2 |
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3,797 |
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— |
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(5 |
) |
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3,792 |
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Asset-backed securities |
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Level 2 |
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|
6,055 |
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19 |
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(12 |
) |
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|
6,062 |
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Total short-term marketable securities |
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74,276 |
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25 |
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|
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(69 |
) |
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74,232 |
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Long-term marketable securities: |
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U.S. Treasury securities |
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Level 2 |
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17,469 |
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— |
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(33 |
) |
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|
17,436 |
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Total long-term marketable securities |
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17,469 |
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— |
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(33 |
) |
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|
17,436 |
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Total cash equivalents and
marketable securities |
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$ |
257,128 |
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$ |
25 |
|
|
$ |
(102 |
) |
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$ |
257,051 |
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December 31, 2025 |
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Valuation |
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Amortized |
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Unrealized |
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Unrealized |
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Fair |
|
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Hierarchy |
|
Cost |
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Gains |
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Losses |
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Value |
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Assets |
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Cash equivalents: |
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Money market funds |
|
Level 1 |
|
$ |
33,219 |
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|
$ |
— |
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|
$ |
— |
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|
$ |
33,219 |
|
U.S. Treasury securities |
|
Level 2 |
|
|
1,499 |
|
|
|
— |
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|
|
— |
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|
|
1,499 |
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Total cash equivalents |
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|
|
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34,718 |
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|
— |
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— |
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|
34,718 |
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Short-term marketable securities: |
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|
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Commercial paper |
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Level 2 |
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18,061 |
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14 |
|
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(4 |
) |
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|
18,071 |
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Corporate debt securities |
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Level 2 |
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|
1,500 |
|
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3 |
|
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|
— |
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|
1,503 |
|
U.S. Treasury securities |
|
Level 2 |
|
|
50,340 |
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|
92 |
|
|
|
— |
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|
50,432 |
|
Agency securities |
|
Level 2 |
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|
2,033 |
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|
1 |
|
|
|
— |
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|
2,034 |
|
Asset-backed securities |
|
Level 2 |
|
|
6,049 |
|
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16 |
|
|
|
(2 |
) |
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6,063 |
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Total short-term marketable securities |
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|
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|
77,983 |
|
|
|
126 |
|
|
|
(6 |
) |
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|
78,103 |
|
Total cash equivalents and
marketable securities |
|
|
|
$ |
112,701 |
|
|
$ |
126 |
|
|
$ |
(6 |
) |
|
$ |
112,821 |
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