| Schedule of Financial Assets Measured at Fair Value on Recurring Basis |
The following tables summarize the Company's cash equivalents and investments (in thousands):
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Fair Value Measurements at June 30, 2026 |
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Total |
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Level 1 |
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Level 2 |
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Level 3 |
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Assets: |
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Cash equivalents: |
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Money market funds |
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$ |
38,645 |
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$ |
38,645 |
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$ |
— |
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$ |
— |
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Short-term investments: |
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U.S. Treasury securities |
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87,830 |
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87,830 |
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— |
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— |
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Commercial paper |
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80,455 |
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— |
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80,455 |
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— |
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Corporate debt securities |
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64,807 |
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— |
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64,807 |
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— |
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Long-term investments: |
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U.S. Treasury securities |
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15,095 |
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15,095 |
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— |
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— |
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Corporate debt securities |
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31,521 |
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— |
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31,521 |
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— |
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$ |
318,353 |
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$ |
141,570 |
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$ |
176,783 |
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$ |
— |
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Fair Value Measurements at December 31, 2025 |
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Total |
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Level 1 |
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Level 2 |
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Level 3 |
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Assets: |
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Cash equivalents: |
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Money market funds |
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$ |
30,833 |
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$ |
30,833 |
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$ |
— |
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$ |
— |
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Short-term investments: |
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U.S. Treasury securities |
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95,609 |
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95,609 |
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— |
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— |
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Commercial paper |
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137,104 |
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— |
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137,104 |
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— |
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Corporate debt securities |
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25,661 |
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— |
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25,661 |
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— |
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Long-term investments: |
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U.S. Treasury securities |
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73,012 |
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73,012 |
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— |
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— |
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Corporate debt securities |
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74,981 |
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— |
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74,981 |
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— |
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$ |
437,200 |
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$ |
199,454 |
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$ |
237,746 |
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$ |
— |
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