MARKETABLE SECURITIES (Tables)
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6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Investments, Debt and Equity Securities [Abstract] |
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| Schedule of Fair Value of Marketable Securities by Type of Security |
The amortized cost, gross unrealized holding gains, gross unrealized holding losses and fair value of our marketable securities by type of security as of June 30, 2026 and December 31, 2025 was as follows:
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Fair Value
Hierarchy Level |
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Gross
Unrealized
Holding Gains |
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Gross
Unrealized
Holding Losses |
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Cash and cash equivalents |
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Level 1 |
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$ |
65,981 |
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$ |
— |
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$ |
— |
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$ |
65,981 |
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$ |
65,981 |
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$ |
— |
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$ |
— |
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|
$ |
65,981 |
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Fair Value
Hierarchy Level |
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Gross
Unrealized
Holding Gains |
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Gross
Unrealized
Holding Losses |
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Cash and cash equivalents |
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Level 1 |
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$ |
6,695 |
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$ |
— |
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$ |
— |
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$ |
6,695 |
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Level 1 |
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19,212 |
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17 |
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— |
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19,229 |
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U.S. government agency securities |
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Level 2 |
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4,630 |
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1 |
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— |
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4,631 |
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$ |
30,537 |
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$ |
18 |
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$ |
— |
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$ |
30,555 |
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The amortized cost, gross unrealized holding gains, gross unrealized holding losses and fair value of our marketable securities by type of security as of December 31, 2025 and 2024 was as follows:
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| |
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|
Fair Value
Hierarchy
Level |
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|
|
|
|
Gross
Unrealized
Holding Gains |
|
|
Gross
Unrealized
Holding
Losses |
|
|
|
|
Cash and cash equivalents |
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|
Level 1 |
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|
$ |
6,695 |
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|
$ |
— |
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|
$ |
— |
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|
$ |
6,695 |
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U.S. treasury securities |
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Level 1 |
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19,212 |
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17 |
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— |
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19,229 |
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U.S. government agency securities |
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Level 2 |
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4,630 |
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1 |
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— |
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4,631 |
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$ |
30,537 |
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$ |
18 |
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$ |
— |
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$ |
30,555 |
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Fair Value
Hierarchy
Level |
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|
Gross
Unrealized
Holding Gains |
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Gross
Unrealized
Holding
Losses |
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Money market funds |
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Level 1 |
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$ |
8,705 |
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$ |
— |
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$ |
— |
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$ |
8,705 |
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U.S. treasury securities |
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Level 1 |
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34,316 |
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54 |
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(15 |
) |
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34,355 |
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U.S. government agency securities |
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Level 2 |
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17,224 |
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32 |
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(3 |
) |
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17,253 |
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$ |
60,245 |
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$ |
86 |
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$ |
(18 |
) |
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$ |
60,313 |
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| Schedule of Marketable Securities by Balance Sheet Location Classification |
The fair values of marketable securities by classification in the condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025 was as follows:
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Cash and cash equivalents |
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$ |
65,981 |
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$ |
7,193 |
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— |
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23,362 |
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$ |
65,981 |
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$ |
30,555 |
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The fair values of marketable securities by classification on the consolidated balance sheets as of December 31, 2025 and 2024 was as follows:
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Cash and cash equivalents |
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$ |
7,193 |
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$ |
8,705 |
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Marketable securities |
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23,362 |
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51,608 |
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$ |
30,555 |
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$ |
60,313 |
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| Schedule of Fair Values of Available-for-Sale Debt Securities by Contractual Maturity |
The fair values of debt securities as of June 30, 2026 and December 31, 2025, by contractual maturity, are summarized as follows:
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$ |
65,981 |
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$ |
30,555 |
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$ |
65,981 |
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$ |
30,555 |
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The fair values of debt securities as of December 31, 2025 and 2024, by contractual maturity, are summarized as follows:
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Due in one year or less |
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$ |
30,555 |
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$ |
51,357 |
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Due after one year through two years |
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— |
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8,956 |
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$ |
30,555 |
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$ |
60,313 |
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