| Schedule of Financial Assets Measured at Fair Value on a Recurring Basis and the Level of the Fair Value Hierarchy |
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 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | | Aggregate estimated fair value | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | | | | Assets classified as cash equivalents: | | | | | | | | | | | | Money market funds | $ | 149,129 | | | $ | 149,129 | | | $ | — | | | $ | — | | | | | | Commercial paper | 5,986 | | | — | | | 5,986 | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 155,115 | | | $ | 149,129 | | | $ | 5,986 | | | $ | — | | | | | | | | | | | | | | | | | | Assets classified as marketable securities: available-for-sale debt securities | | | | | | | | | | | | Commercial paper | $ | 6,743 | | | $ | — | | | $ | 6,743 | | | $ | — | | | | | | Corporate debt securities | 13,469 | | | — | | | 13,469 | | | — | | | | | | | | | | | | | | | | | | United States Treasury Bills | 10,004 | | | 10,004 | | | — | | | — | | | | | | | $ | 30,216 | | | $ | 10,004 | | | $ | 20,212 | | | $ | — | | | | | | | Total financial assets measured at fair value on a recurring basis | $ | 185,331 | | | $ | 159,133 | | | $ | 26,198 | | | $ | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | Aggregate estimated fair value | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | | | | Assets classified as cash equivalents: | | | | | | | | | | | | Money market funds | $ | 71,191 | | | $ | 71,191 | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | United Kingdom Government Securities | 301 | | | — | | | 301 | | | — | | | | | | | | | | | | | | | | | | | Corporate debt securities | 1,753 | | | — | | | 1,753 | | | — | | | | | | | $ | 73,245 | | | $ | 71,191 | | | $ | 2,054 | | | $ | — | | | | | | | | | | | | | | | | | | Assets classified as marketable securities: available-for-sale debt securities | | | | | | | | | | | | Commercial paper | $ | 52,589 | | | $ | — | | | $ | 52,589 | | | $ | — | | | | | | Corporate debt securities | 58,299 | | | — | | | 58,299 | | | — | | | | | | United Kingdom Government Securities | 66,175 | | | — | | | 66,175 | | | — | | | | | | United States Treasury Bills | 19,515 | | | 19,515 | | | — | | | — | | | | | | | $ | 196,578 | | | $ | 19,515 | | | $ | 177,063 | | | $ | — | | | | | | | Total financial assets measured at fair value on a recurring basis | $ | 269,823 | | | $ | 90,706 | | | $ | 179,117 | | | $ | — | | | | | |
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