v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Fair Value Assets And Liabilities Measured On Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values as of June 30, 2026 and December 31, 2025 (in thousands):

 

 

 

June 30, 2026

 

 

 

Quoted
Prices in
Active
Markets
(Level 1)

 

 

Significant
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

 

Total

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Non-U.S. debt securities

 

$

 

 

$

111,404

 

 

 

 

 

$

111,404

 

U.S. treasury securities

 

 

 

 

 

108,690

 

 

 

 

 

 

108,690

 

Total assets measured at fair value

 

$

 

 

$

220,094

 

 

$

 

 

$

220,094

 

 

 

 

December 31, 2025

 

 

 

Quoted
Prices in
Active
Markets
(Level 1)

 

 

Significant
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

$

 

 

$

50,930

 

 

 

 

 

$

50,930

 

Non-U.S. debt securities

 

 

 

 

 

17,638

 

 

 

 

 

 

17,638

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

 

 

 

 

97,511

 

 

 

 

 

 

97,511

 

Total assets measured at fair value

 

$

 

 

$

166,079

 

 

$

 

 

$

166,079