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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Summary of Company's Financial Instruments Measured at Fair Value on a Recurring Basis

The following table summarizes the Company’s financial instruments measured at fair value on a recurring basis at March 31, 2026 and December 31, 2025 (in thousands):

		Fair Value Measurement at End of Period Using:
						Quoted Prices
						In Active
						Markets				Significant
						For				Other				Significant
						Identical				Observable				Unobservable
						Assets				Inputs				Inputs
		Total				(Level 1)				(Level 2)				(Level 3)
As of March 31, 2026:
Assets:
Money market funds(1)		$	10,326			$	10,326			$	—			$	—
U.S. Treasury securities			195,122				195,122				—				—
U.S. Government agency securities			14,931				—				14,931				—
Total		$	220,379			$	205,448			$	14,931			$	—
As of December 31, 2025:
Assets:
Money market funds(1)		$	15,141			$	15,141			$	—			$	—
U.S. Treasury securities			187,998				187,998				—				—
U.S. Government agency securities			14,991				—				14,991				—
Total		$	218,130			$	203,139			$	14,991			$	—

(1)Included in cash and cash equivalents on the accompanying balance sheets.

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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X

- References

No definition available.

+ Details

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