| Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis |
The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
(in thousands) |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
68,541 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
68,541 |
|
Total cash equivalents |
|
|
68,541 |
|
|
|
— |
|
|
|
— |
|
|
|
68,541 |
|
Marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate bonds |
|
|
— |
|
|
|
108,446 |
|
|
|
— |
|
|
|
108,446 |
|
U.S. Treasury bills |
|
|
— |
|
|
|
55,573 |
|
|
|
— |
|
|
|
55,573 |
|
U.S. Treasuries |
|
|
— |
|
|
|
236,062 |
|
|
|
— |
|
|
|
236,062 |
|
Yankee bonds |
|
|
— |
|
|
|
2,493 |
|
|
|
— |
|
|
|
2,493 |
|
Total marketable securities |
|
|
— |
|
|
|
402,574 |
|
|
|
— |
|
|
|
402,574 |
|
Restricted cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
|
168 |
|
|
|
— |
|
|
|
— |
|
|
|
168 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
Warrant liabilities |
|
|
— |
|
|
|
594,704 |
|
|
|
— |
|
|
|
594,704 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
(in thousands) |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
392,803 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
392,803 |
|
U.S. Treasury bills |
|
|
— |
|
|
|
3,434 |
|
|
|
— |
|
|
|
3,434 |
|
Total cash equivalents |
|
|
392,803 |
|
|
|
3,434 |
|
|
|
— |
|
|
|
396,237 |
|
Marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury bills |
|
|
— |
|
|
|
13,642 |
|
|
|
— |
|
|
|
13,642 |
|
U.S. Treasuries |
|
|
— |
|
|
|
45,080 |
|
|
|
— |
|
|
|
45,080 |
|
Total marketable securities |
|
|
— |
|
|
|
58,722 |
|
|
|
— |
|
|
|
58,722 |
|
Restricted cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
|
168 |
|
|
|
— |
|
|
|
— |
|
|
|
168 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
Warrant liabilities |
|
|
— |
|
|
|
600,547 |
|
|
|
— |
|
|
|
600,547 |
|
|