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FAIR VALUE MEASUREMENTS
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values (in thousands):
DESCRIPTIONDECEMBER 31,
2025		QUOTED PRICES
ACTIVE MARKETS
FOR IDENTICAL
ASSETS (LEVEL 1)		SIGNIFICANT OTHER
OBSERVABLE
INPUTS (LEVEL 2)		SIGNIFICANT OTHER
OBSERVABLE
INPUTS (LEVEL 3)
Asset
Money market funds$270,713 $270,713 $— $— 
Total financial assets$270,713 $270,713 $— $— 
DESCRIPTIONDECEMBER 31,
2024		QUOTED PRICES
ACTIVE MARKETS
FOR IDENTICAL
ASSETS (LEVEL 1)		SIGNIFICANT OTHER
OBSERVABLE
INPUTS (LEVEL 2)		SIGNIFICANT OTHER
OBSERVABLE
INPUTS (LEVEL 3)
Asset
Money market funds$556,064 $556,064 $— $— 
Total financial assets$556,064 $556,064 $— $— 
There have been no transfers between fair value levels during the years ended December 31, 2025 and 2024. The carrying values of prepaid expenses, other current assets, accounts payable, and accrued expenses approximate their fair values due to the short-term nature of these assets and liabilities.