v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Values of Financial Assets Measured on Recurring Basis

The fair values of the Company’s financial assets that are measured on a recurring basis are as follows (in thousands):

 

 

June 30, 2026

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds

 

$

47,847

 

 

$

 

 

$

 

 

$

47,847

 

Corporate bonds

 

 

 

 

 

26,679

 

 

 

 

 

 

26,679

 

U.S. government bonds

 

 

18,007

 

 

 

 

 

 

 

 

 

18,007

 

Total

 

$

65,854

 

 

$

26,679

 

 

$

 

 

$

92,533

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds

 

$

24,302

 

 

$

 

 

$

 

 

$

24,302

 

Corporate bonds

 

 

 

 

 

27,817

 

 

 

 

 

$

27,817

 

Commercial paper

 

 

 

 

 

17,797

 

 

 

 

 

 

17,797

 

U.S. government bonds

 

 

31,922

 

 

 

4,991

 

 

 

 

 

 

36,913

 

Total

 

$

56,224

 

 

$

50,605

 

 

$

 

 

$

106,829