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Fair Value Measurements and Short-Term Investments (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
The following tables sets forth the Company’s fair value hierarchy for its assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2025 and 2024:
December 31, 2025
Fair Value Hierarchy LevelAmortized CostUnrealized GainUnrealized (Loss)Credit (Loss)Fair Value
Financial assets included within cash and cash equivalents:
Money market fundsLevel 1$163,588 $— $— $— $163,588 
U.S. Government treasury billsLevel 245,300 12 — — 45,312 
Financial assets included within short-term investments:
Certificate of deposit
Level 225,000 — — — 25,000 
U.S. Government treasury billsLevel 2463,022 160 — — 463,182 
Total$696,910 $172 $— $— $697,082 

December 31, 2024
Fair Value Hierarchy LevelAmortized CostUnrealized GainUnrealized (Loss)Credit (Loss)Fair Value
Financial assets included within cash and cash equivalents:
Money market fundsLevel 1$88,599 $— $— $— $88,599 
Financial assets included within short-term investments:
U.S. Government treasury billsLevel 2307,387 100 — — 307,487 
Total$395,986 $100 $— $— $396,086