The following tables present the Company’s financial assets that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy:


	June 30, 2026
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Money market	$	205,547	$	—	$	—	$	205,547
U.S. treasuries	59,664		—		—		59,664
Corporate bonds	—		8,050		—		8,050
Total assets at fair value	$	265,211	$	8,050	$	—	$	273,261


	December 31, 2025
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Money market	$	168,028	$	—	$	—	$	168,028
U.S. treasuries	9,898		—		—		9,898
Corporate bonds	—		152,415		—		152,415
Total assets at fair value	$	177,926	$	152,415	$	—	$	330,341

The following tables present the Company’s financial liabilities that are recorded at amortized cost, segregated among the appropriate levels within the fair value hierarchy:


	June 30, 2026
	Level 1		Level 2		Level 3		Total
	(In thousands)
Liabilities:
2028 Notes	$	—	$	153,005	$	—	$	153,005
2027 Notes	—		17,222		—		17,222
Total liabilities at fair value	$	—	$	170,227	$	—	$	170,227


	December 31, 2025
	Level 1		Level 2		Level 3		Total
	(In thousands)
Liabilities:
2028 Notes	$	—	$	173,184	$	—	$	173,184
2027 Notes	—		57,592		—		57,592
Total liabilities at fair value	$	—	$	230,776	$	—	$	230,776