Financial assets measured at fair value on a recurring basis were as follows (in thousands):


	Fair Value Measurements at June 30, 2026
	Total		Level 1		Level 2
Assets:
Money market funds	$	35,795	$	35,795	$	—
U.S. Treasury securities	12,857		—		12,857
Government-sponsored enterprises	27,890		—		27,890
Corporate debt securities	32,095		—		32,095

Total assets measured at fair value(a)	$	108,637	$	35,795	$	72,842


	Fair Value Measurements at December 31, 2025
	Total		Level 1		Level 2
Assets:
Money market funds	$	11,466	$	11,466	$	—
U.S. Treasury securities	4,939		—		4,939
Government-sponsored enterprises	53,950		—		53,950
Corporate debt securities	81,300		—		81,300

Total assets measured at fair value(b)	$	151,655	$	11,466	$	140,189

(a) Total assets measured at fair value at June 30, 2026 includes approximately $49.2 million reported in cash and cash equivalents on the consolidated balance sheet.

(b) Total assets measured at fair value at December 31, 2025 includes approximately $19.0 million reported in cash and cash equivalents on the consolidated balance sheet.