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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities on Recurring Basis

The following tables set forth the fair value of the Company’s financial assets and liabilities measured on a recurring basis by level within the fair value hierarchy:

			March 31, 2026
			Level I						Level II						Level III						Total
			(In thousands)
Financial Assets:
Cash equivalents and investments (1)			$	1,648					$	18,148					$	—					$	19,796
Restricted time deposit (2)			—						970						—						970
Severance pay fund deposits (2)			—						4,244						—						4,244
Foreign currency forward contract (3)			—						162						—						162
Total financial assets			$	1,648					$	23,524					$	—					$	25,172
Financial Liabilities:
Foreign currency forward contract (4)			—						234						—						234
Total financial liabilities			$	—					$	234					$	—					$	234

			December 31, 2025
			Level I						Level II						Level III						Total
			(In thousands)
Financial Assets:
Cash equivalents and investments (1)			$	18,602					$	26,901					$	—					$	45,503
Restricted time deposit (2)			—						1,477						—						1,477
Severance pay fund deposits (2)			—						5,158						—						5,158
Foreign currency forward contract (3)			—						383						—						383
Total financial assets			$	18,602					$	33,919					$	—					$	52,521
Financial Liabilities:
Foreign currency forward contract (4)			—						15						—						15
Total financial liabilities			$	—					$	15					$	—					$	15

_____________________

(1)Money market securities are valued using Level I of the fair value hierarchy, while the fair values of U.S. Treasuries, government bonds, commercial paper, and corporate bonds are considered Level II and are obtained from independent pricing services, which may use various methods, including quoted prices for identical or similar securities in active and inactive markets. See Note 3 for additional detail relating to the Company’s fixed income securities by balance sheet location.

(2)Recorded within other assets.

(3)Recorded within prepaid expenses and other current assets.

(4)Recorded within accrued and other current liabilities.

Schedule of Carrying Value and Estimated Fair Value of Convertible Notes

The following table summarizes the carrying value and the estimated fair value of the Senior Secured Notes (as defined below), based on Level II measurements of the fair value hierarchy:

			March 31, 2026
			Carrying Value						Estimated Fair Value
			(In thousands)
10% Senior Secured Notes			$	606,234					$	262,718

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-13

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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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