v3.25.4

Fair Value Measurements | 12 Months Ended
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Dec. 31, 2025
Fair Value Disclosures [Abstract] |
Fair Value Measurements | Fair Value Measurements The following tables set forth the fair value of the Company’s financial assets measured at fair value as of December 31, 2025 and December 31, 2024 in accordance with the fair value hierarchy (in thousands):
| December 31, 2025
| Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |  | Cash and Cash Equivalents |  | Short-Term Investment |  | Long-Term Investment
Cash | $ | 40,593 |  |  | $ | — |  |  | $ | — |  |  | $ | 40,593 |  |  | $ | 40,593 |  |  | $ | — |  |  | $ | — |
Level 1: |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | 50,652 |  |  | — |  |  | — |  |  | 50,652 |  |  | 50,652 |  |  | — |  |  | — |
Total | $ | 91,245 |  |  | $ | — |  |  | $ | — |  |  | $ | 91,245 |  |  | $ | 91,245 |  |  | $ | — |  |  | $ | — |
| December 31, 2024
| Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |  | Cash and Cash Equivalents |  | Short-Term Investment |  | Long-Term Investment
Cash | $ | 30,431 |  |  | $ | — |  |  | $ | — |  |  | $ | 30,431 |  |  | $ | 30,431 |  |  | $ | — |  |  | $ | — |
Level 1: |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | 145,671 |  |  | — |  |  | — |  |  | 145,671 |  |  | 145,671 |  |  | — |  |  | — |
Level 2: |  |  |  |  |  |  |  |  |  |  |  |  |
Treasury bills | 1,462 |  |  | 1 |  |  | — |  |  | 1,463 |  |  | — |  |  | 1,463 |  |  | — |
US government bond | 33,567 |  |  | 61 |  |  | (9) |  |  | 33,619 |  |  | — |  |  | 26,566 |  |  | 7,053 |
U.S. agency securities | 6,907 |  |  | — |  |  | (3) |  |  | 6,904 |  |  | — |  |  | — |  |  | 6,904 |
Commercial paper | 10,670 |  |  | 2 |  |  | — |  |  | 10,672 |  |  | 1,248 |  |  | 9,424 |  |  | — |
Corporate debt securities | 53,926 |  |  | 112 |  |  | (17) |  |  | 54,021 |  |  | — |  |  | 37,677 |  |  | 16,344 |
Certificates of deposit | 3,009 |  |  | — |  |  | — |  |  | 3,009 |  |  | — |  |  | 3,009 |  |  | — |
Subtotal | $ | 109,541 |  |  | $ | 176 |  |  | $ | (29) |  |  | $ | 109,688 |  |  | $ | 1,248 |  |  | $ | 78,139 |  |  | $ | 30,301 |
Total | $ | 285,643 |  |  | $ | 176 |  |  | $ | (29) |  |  | $ | 285,790 |  |  | $ | 177,350 |  |  | $ | 78,139 |  |  | $ | 30,301 |
During the years ended December 31, 2025 and 2024, there were no transfers of assets or liabilities between Level 1, Level 2 and Level 3 of the fair value hierarchy.

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- References No definition available. + Details
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- Definition The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/820/tableOfContent + Details
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