The following tables summarize the Company’s financial assets and liabilities on the Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025, that are measured at fair value on a recurring basis, by level, within the fair value hierarchy (in thousands):


	June 30, 2026
	Level 1		Level 2		Total
Assets:
Cash equivalents:
Money market funds	$	18,334	$	—	$	18,334
U.S. Treasury securities	—		—		—
Marketable securities:
U.S. Treasury securities	—		4,715		4,715
U.S. government agency bonds	—		41,427		41,427
Corporate bonds	—		50,339		50,339
Commercial paper	—		49,729		49,729
Total assets at fair value on a recurring basis	$	18,334	$	146,210	$	164,544


	December 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	17,167	$	—	$	—	$	17,167


Marketable securities:
U.S. Treasury securities	—		43,172		—		43,172
U.S. government agency bonds	—		31,033		—		31,033
Corporate bonds	—		36,068		—		36,068
Commercial paper	—		83,853		—		83,853
Total assets at fair value on a recurring basis	$	17,167	$	194,126	$	—	$	211,293

Liabilities:
Public Warrants	$	767	$	—	$	—	$	767
Private Warrants	—		—		27		27
Total liabilities at fair value on a recurring basis	$	767	$	—	$	27	$	794