v3.26.1
Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities 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 to determine such fair value as of June 30, 2026 and December 31, 2025 (in thousands):

 

 

 

 

Fair Value Measurements at June 30, 2026:

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

39,333

 

 

$

39,333

 

 

$

 

 

$

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

41,573

 

 

 

 

 

 

41,573

 

 

 

 

U.S. government-sponsored enterprise securities

 

 

6,969

 

 

 

 

 

 

6,969

 

 

 

 

Total assets

 

$

87,875

 

 

$

39,333

 

 

$

48,542

 

 

$

 

 

 

 

 

 

Fair Value Measurements at December 31, 2025:

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

39,719

 

 

$

39,719

 

 

$

 

 

$

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

67,092

 

 

 

 

 

 

67,092

 

 

 

 

U.S. government-sponsored enterprise securities

 

 

9,991

 

 

 

 

 

 

9,991

 

 

 

 

Total assets

 

$

116,802

 

 

$

39,719

 

 

$

77,083

 

 

$