v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value
The following tables present information about the Company’s financial assets that have been measured at fair value as of June 30, 2026 and December 31, 2025 (in thousands):
Description
Level 1
Level 2
Level 3
June 30,
2026
Assets:
U.S. Treasury Bills
$
— 
$
400,660 
$
— 
$
400,660 
Money market funds included within cash and cash equivalents
87,832 
—
—
87,832 
Total
$
87,832 
$
400,660 
$
— 
$
488,492 
Description
Level 1
Level 2
Level 3
December 31,
2025
Assets:
U.S. Treasury Bills
$
— 
$
318,116 
$
— 
$
318,116 
Money market funds included within cash and cash equivalents
93,595 
—
—
93,595 
Total
$
93,595 
$
318,116 
$
— 
$
411,711