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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Measurements  
Schedule of assets and liabilities measured fair value on a recurring basis

The following tables present information about the Company’s financial assets and liabilities that have been measured at fair value and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):

As of June 30, 2025

Quoted Prices

Significant

Significant

in Active

Observable

Unobservable

Markets

Inputs

Inputs

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Total

Assets:

Cash and cash equivalents:

Money market funds

$

35,772

$

$

$

35,772

Reverse repurchase agreements

8,000

8,000

Short-term investments:

Reverse repurchase agreements

68,000

68,000

Treasury notes

64,685

64,685

Treasury bills

41,984

41,984

Corporate debt securities

8,190

8,190

Total

$

150,631

$

76,000

$

$

226,631

As of December 31, 2024

Quoted Prices

Significant

Significant

in Active

Observable

Unobservable

Markets

Inputs

Inputs

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Total

Assets:

Cash and cash equivalents:

Money market funds

$

30,610

$

$

$

30,610

Short-term investments:

Treasury notes

129,197

129,197

Reverse repurchase agreements

100,000

100,000

Treasury bills

39,115

39,115

Total

$

198,922

$

100,000

$

$

298,922