v3.25.4

Marketable Securities and Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2025
Marketable Securities [Abstract] |
Marketable Securities Consisted of Available-for-Sale Securities | Marketable securities consisted of available-for-sale securities as follows (in thousands):
|  | As of December 31, 2025 |
|  |  |  |  |  |  |  |  |  |  | Estimated |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gain |  |  | Loss |  |  | Value |
Short-term marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 31,874 |  |  | $ | 102 |  |  | $ | — |  |  | $ | 31,976 |
U.S. Treasury securities |  |  | 33,296 |  |  |  | 123 |  |  |  | — |  |  |  | 33,419 |
Total short-term marketable securities |  | $ | 65,170 |  |  | $ | 225 |  |  | $ | — |  |  | $ | 65,395 |
Long-term marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 50,341 |  |  | $ | 177 |  |  | $ | — |  |  | $ | 50,518 |
U.S. Treasury securities |  |  | 6,022 |  |  |  | 32 |  |  |  | — |  |  |  | 6,054 |
U.S. government agency debt securities |  |  | 2,999 |  |  |  | 1 |  |  |  | — |  |  |  | 3,000 |
Total long-term marketable securities |  | $ | 59,362 |  |  | $ | 210 |  |  | $ | — |  |  | $ | 59,572 |
|  | As of December 31, 2024 |
|  |  |  |  |  |  |  |  |  |  | Estimated |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gain |  |  | Loss |  |  | Value |
Short-term marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 33,519 |  |  | $ | 23 |  |  | $ | (5 | ) |  | $ | 33,537 |
U.S. Treasury securities |  |  | 30,130 |  |  |  | 27 |  |  |  | (4 | ) |  |  | 30,153 |
Total short-term marketable securities |  | $ | 63,649 |  |  | $ | 50 |  |  | $ | (9 | ) |  | $ | 63,690 |
Long-term marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 33,982 |  |  | $ | 16 |  |  | $ | (43 | ) |  | $ | 33,955 |
U.S. Treasury securities |  |  | 24,146 |  |  |  | 23 |  |  |  | (15 | ) |  |  | 24,154 |
U.S. government agency debt securities |  |  | 3,500 |  |  |  | 1 |  |  |  | — |  |  |  | 3,501 |
Total long-term marketable securities |  | $ | 61,628 |  |  | $ | 40 |  |  | $ | (58 | ) |  | $ | 61,610 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands):
|  | Fair Value Measurements at December 31, 2025 Using: |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 35,320 |  |  | $ | — |  |  | $ | — |  |  | $ | 35,320 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  |  | 39,473 |  |  |  | — |  |  |  | — |  |  |  | 39,473 |
Corporate bonds |  |  | — |  |  |  | 82,494 |  |  |  | — |  |  |  | 82,494 |
U.S. government agency debt securities |  |  | — |  |  |  | 3,000 |  |  |  | — |  |  |  | 3,000 |
Total marketable securities |  |  | 39,473 |  |  |  | 85,494 |  |  |  | — |  |  |  | 124,967 |
Total assets |  | $ | 74,793 |  |  | $ | 85,494 |  |  | $ | — |  |  | $ | 160,287 |
|  | Fair Value Measurements at December 31, 2024 Using: |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 85,612 |  |  | $ | — |  |  | $ | — |  |  | $ | 85,612 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  |  | 54,307 |  |  |  | — |  |  |  | — |  |  |  | 54,307 |
Corporate bonds |  |  | — |  |  |  | 67,492 |  |  |  | — |  |  |  | 67,492 |
U.S. government agency debt securities |  |  | — |  |  |  | 3,501 |  |  |  | — |  |  |  | 3,501 |
Total marketable securities |  |  | 54,307 |  |  |  | 70,993 |  |  |  | — |  |  |  | 125,300 |
Total assets |  | $ | 139,919 |  |  | $ | 70,993 |  |  | $ | — |  |  | $ | 210,912 |

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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 + Details
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