v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value 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:

 

 

Fair Value Measurements as of
June 30, 2026

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

66,561

 

 

$

 

 

$

 

 

$

66,561

 

Marketable Securities

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury obligations

 

 

 

 

 

29,925

 

 

 

 

 

 

29,925

 

Asset-backed securities

 

 

 

 

 

2,507

 

 

 

 

 

 

2,507

 

Commercial paper

 

 

 

 

 

16,463

 

 

 

 

 

 

16,463

 

Corporate bonds

 

 

 

 

 

94,022

 

 

 

 

 

 

94,022

 

Total

 

$

66,561

 

 

$

142,917

 

 

$

 

 

$

209,478

 

 

 

 

Fair Value Measurements as of
December 31, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

87,584

 

 

$

 

 

$

 

 

$

87,584

 

Marketable Securities

 

 

 

 

 

 

 

 

 

 

 

 

US Treasury obligations

 

 

 

 

 

59,845

 

 

 

 

 

 

59,845

 

Asset-backed securities

 

 

 

 

 

43,237

 

 

 

 

 

 

43,237

 

Commercial paper

 

 

 

 

 

9,422

 

 

 

 

 

 

9,422

 

Corporate bonds

 

 

 

 

 

93,613

 

 

 

 

 

 

93,613

 

Total

 

$

87,584

 

 

$

206,117

 

 

$

 

 

$

293,701