v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets that are Measured at Fair Value on a Recurring basis

The following table shows the Company’s assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands) as of June 30, 2026:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

Money market funds

 

$

853

 

 

$

 

 

$

 

Commercial paper

 

 

 

 

 

1,998

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

 

 

 

992

 

 

 

 

Corporate debt securities

 

 

 

 

 

66,341

 

 

 

 

Municipal debt securities

 

 

 

 

 

5,577

 

 

 

 

U.S. federal agency securities

 

 

 

 

 

2,950

 

 

 

 

Total assets

 

$

853

 

 

$

77,858

 

 

$

 

 

The following table shows the Company’s assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands) as of December 31, 2025:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

Money market funds

 

$

2,128

 

 

$

 

 

$

 

Marketable securities:

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

 

 

 

975

 

 

 

 

Corporate debt securities

 

 

 

 

 

76,289

 

 

 

 

Municipal debt securities

 

 

 

 

 

8,702

 

 

 

 

U.S. federal agency securities

 

 

 

 

 

5,870

 

 

 

 

Total assets

 

$

2,128

 

 

$

91,836

 

 

$