v3.26.1
Fair value measurement (Tables)
6 Months Ended
Jun. 30, 2026
Fair value measurement  
Schedule of financial assets measured at fair value on a recurring basis

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):

 

 

June 30, 2026

 

 

Level

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

1

 

$

159,122

 

 

$

 

 

$

 

 

$

159,122

 

U.S. treasury securities

 

2

 

 

55,994

 

 

 

 

 

 

 

 

 

55,994

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

2

 

 

302,623

 

 

 

 

 

 

(333

)

 

 

302,290

 

Total financial assets

 

 

 

$

517,739

 

 

$

 

 

$

(333

)

 

$

517,406

 

 

 

December 31, 2025

 

 

Level

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

1

 

$

652,112

 

 

$

 

 

$

 

 

$

652,112

 

Total financial assets

 

 

 

$

652,112

 

 

$

 

 

$

 

 

$

652,112