v3.26.1
Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Financial Instruments Disclosure [Abstract]  
Summary of Estimated Fair Value and Related Valuation Input Hierarchy of Available-for-Sale Securities

The following tables summarize the estimated fair value and related valuation input hierarchy of our available-for-sale securities as of each period end:

 

 

 

 

Total

 

 

Total

 

 

Total

 

 

Total

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

As of June 30, 2026:

 

Input Level

 

Cost

 

 

Gain

 

 

Loss

 

 

Fair Value

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

Level 1

 

$

1,464

 

 

$

 

 

$

 

 

$

1,464

 

U.S. Treasury obligations

 

Level 2

 

 

8,151

 

 

 

 

 

 

(2

)

 

 

8,149

 

Total available-for-sale securities

 

 

 

 

9,615

 

 

 

 

 

 

(2

)

 

 

9,613

 

Less: amounts classified as cash equivalents

 

 

 

 

(2,961

)

 

 

 

 

 

 

 

 

(2,961

)

Amounts classified as short-term investments

 

 

 

$

6,654

 

 

$

 

 

$

(2

)

 

$

6,652

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

Total

 

 

Total

 

 

Total

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

As of December 31, 2025:

 

Input Level

 

Cost

 

 

Gain

 

 

Loss

 

 

Fair Value

 

 

 

 

 

(in thousands)

 

Money market funds

 

Level 1

 

$

3,528

 

 

$

 

 

$

 

 

$

3,528

 

U.S. Treasury obligations

 

Level 2

 

 

4,692

 

 

 

1

 

 

 

 

 

 

4,693

 

Total available-for-sale securities

 

 

 

 

8,220

 

 

 

1

 

 

 

 

 

 

8,221

 

Less: amounts classified as cash equivalents

 

 

 

 

(8,220

)

 

 

(1

)

 

 

 

 

 

(8,221

)

Amounts classified as short-term investments

 

 

 

$

 

 

$

 

 

$

 

 

$

 

Amortized Cost and Fair Value of Available for Sale Securities by Contractual Maturity

The amortized cost and fair value of our available-for-sale securities by contractual maturity were as follows:

 

As of June 30, 2026

 

 

As of December 31, 2025

 

 

Amortized

 

 

Estimated

 

 

Amortized

 

 

Estimated

 

 

Cost

 

 

Fair Value

 

 

Cost

 

 

Fair Value

 

 

(in thousands)

 

 

(in thousands)

 

Maturing within one year

$

9,615

 

 

$

9,613

 

 

$

8,220

 

 

$

8,221

 

Total available-for-sale securities

$

9,615

 

 

$

9,613

 

 

$

8,220

 

 

$

8,221