v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule Of Fair Value Measurements, By Major Security Type

The following tables summarize, by major security type, our cash equivalents and short-term investments that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy, in thousands:

 

June 30, 2026

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

15,595

 

 

$

15,595

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

399,126

 

 

 

399,126

 

 

 

 

 

 

 

U.S. Agency bonds

 

49,657

 

 

 

 

 

49,657

 

 

 

 

Total short-term investments

 

448,783

 

 

 

399,126

 

 

 

49,657

 

 

 

 

Total

$

464,378

 

 

$

414,721

 

 

$

49,657

 

 

$

 

 

 

December 31, 2025

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

119,910

 

 

$

119,910

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

465,665

 

 

 

465,665

 

 

 

 

 

 

 

U.S. Agency bonds

 

52,476

 

 

 

 

 

52,476

 

 

 

 

Total short-term investments

 

518,141

 

 

 

465,665

 

 

 

52,476

 

 

 

 

Total

$

638,051

 

 

$

585,575

 

 

$

52,476

 

 

$