As of September 30, 2026

As of December 31, 2025

Fair Value Hierarchy

Total

Level 1

Level 2

Level 3

Total

Level 1

Level 2

Level 3

(in thousands)

Cash equivalents:

Corporate bonds

$

428

—

428

—

Money market funds

16,808

16,808

—

—

596,264

596,264

—

—

Marketable securities:

Corporate bonds

76,382

—

76,382

—

—

—

—

—

Treasury Bills

55,338

—

55,338

—

—

—

—

—

U.S. Government securities

101,977

—

101,977

—

—

—

—

—

Total

$

250,933

$

16,808

$

234,125

$

—

$

596,264

$

596,264

$

—

$

—