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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements, Nonrecurring
The following table presents the level within the fair value hierarchy at which the Company’s held-to-maturity investments are measured (in thousands):

As of March 31, 2026Level 1Level 2
Other(1)
Total
Cash equivalents
Money market funds$— $— $12,057 $12,057 
Investments
U.S. treasury securities9,443 — — 9,443 
Corporate debt securities— 9,755 — 9,755 
Total $9,443 $9,755 $12,057 $31,255 

As of December 31, 2025Level 1Level 2
Other(1)
Total
Cash equivalents
Money market funds$— $— $8,729 $8,729 
Investments
U.S. treasury securities9,473 — — 9,473 
Corporate debt securities— 12,744 — 12,744 
Total$9,473 $12,744 $8,729 $30,946 
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(1) Investments in money market funds measured at fair value using the net asset value per share practical expedient are not subject to hierarchy level classification disclosure. The Company invests in money market funds that seek to maintain a stable net asset value. These investments include commingled funds that comprise high-quality short-term securities representing liquid debt and monetary instruments where the redemption value is likely to be the fair value. Redemption is permitted daily without written notice.