v3.26.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis The following assets and liabilities are measured at fair value on a recurring basis as of September 30, 2026 and December 31, 2025 (in thousands):

 

 

September 30, 2026

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

2,771

 

 

$

—

 

 

$

—

 

 

$

2,771

 

Commercial paper

 

 

—

 

 

 

299

 

 

 

—

 

 

 

299

 

Short-term marketable securities at fair value

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury and government agencies

 

 

5,498

 

 

 

495

 

 

 

—

 

 

 

5,993

 

Corporate debt

 

 

—

 

 

 

16,707

 

 

 

—

 

 

 

16,707

 

Asset-backed securities

 

 

—

 

 

 

7,538

 

 

 

—

 

 

 

7,538

 

Yankee CD

 

 

—

 

 

 

1,800

 

 

 

—

 

 

 

1,800

 

Total assets

 

$

8,269

 

 

$

26,839

 

 

$

—

 

 

$

35,108

 

 

 

 

December 31, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

7,836

 

 

$

—

 

 

$

—

 

 

$

7,836

 

Short-term marketable securities at fair value

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury and government agencies

 

 

6,218

 

 

 

500

 

 

 

—

 

 

 

6,718

 

Corporate debt

 

 

—

 

 

 

19,302

 

 

 

—

 

 

 

19,302

 

Asset-backed securities

 

 

—

 

 

 

10,438

 

 

 

—

 

 

 

10,438

 

Yankee CD

 

 

—

 

 

 

1,201

 

 

 

—

 

 

 

1,201

 

Total assets

 

$

14,054

 

 

$

31,441

 

 

$

—

 

 

$

45,495