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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
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 June 30, 2026 Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

42,141

 

 

$

 

 

$

 

 

$

42,141

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

110,184

 

 

 

 

 

 

 

 

 

110,184

 

Corporate bonds

 

 

 

 

 

77,943

 

 

 

 

 

 

77,943

 

U.S. government agency debt securities

 

 

 

 

 

6,987

 

 

 

 

 

 

6,987

 

Total marketable securities

 

 

110,184

 

 

 

84,930

 

 

 

 

 

 

195,114

 

Total assets

 

$

152,325

 

 

$

84,930

 

 

$

 

 

$

237,255

 

 

 

 

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