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Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2026
Fair Value Disclosures [Abstract] |
Financial Assets Measured at Fair Value on Recurring Basis | The following table presents the Company’s investments, which consist of cash equivalents and investments classified as available-for-sale investments, that are measured at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2026 and December 31, 2025 (in thousands):
|  | March 31, 2026 |
|  | Fair Value Hierarchy Level |  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
Cash equivalents |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | Level 1 |  | $ | 24,285 |  |  | $ | — |  |  | $ | — |  |  | $ | 24,285 |
U.S. Treasury securities |  | Level 1 |  |  | 4,980 |  |  |  | — |  |  |  | — |  |  |  | 4,980 |
Corporate debt securities |  | Level 2 |  |  | 1,000 |  |  |  | — |  |  |  | — |  |  |  | 1,000 |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | Level 1 |  |  | 27,551 |  |  |  | 3 |  |  |  | (22 | ) |  |  | 27,532 |
Corporate debt securities |  | Level 2 |  |  | 68,919 |  |  |  | 2 |  |  |  | (143 | ) |  |  | 68,778 |
Commercial paper |  | Level 2 |  |  | 11,748 |  |  |  | — |  |  |  | (18 | ) |  |  | 11,730 |
Long-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | Level 1 |  |  | 7,004 |  |  |  | 1 |  |  |  | (10 | ) |  |  | 6,995 |
Corporate debt securities |  | Level 2 |  |  | 21,846 |  |  |  | — |  |  |  | (58 | ) |  |  | 21,788 |
Total |  |  |  | $ | 167,333 |  |  | $ | 6 |  |  | $ | (251 | ) |  | $ | 167,088 |
|  | December 31, 2025 |
|  | Fair Value Hierarchy Level |  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
Cash equivalents |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | Level 1 |  | $ | 14,682 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,682 |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | Level 1 |  |  | 5,462 |  |  |  | 5 |  |  |  | — |  |  |  | 5,467 |
U.S. government agency securities |  | Level 2 |  |  | 996 |  |  |  | — |  |  |  | — |  |  |  | 996 |
Corporate debt securities |  | Level 2 |  |  | 19,194 |  |  |  | 21 |  |  |  | — |  |  |  | 19,215 |
Commercial paper |  | Level 2 |  |  | 2,738 |  |  |  | 1 |  |  |  | — |  |  |  | 2,739 |
Long-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt securities |  | Level 2 |  |  | 3,493 |  |  |  | 1 |  |  |  | — |  |  |  | 3,494 |
Total |  |  |  | $ | 46,565 |  |  | $ | 28 |  |  | $ | — |  |  | $ | 46,593 |
Schedule of Fair Value of Available for Sale Investments by Classification | The fair value of cash equivalents and available-for-sale investments by classification included in the condensed consolidated balance sheets was as follows as of March 31, 2026 and December 31, 2025 (in thousands):
|  | March 31, |  |  | December 31, |
|  | 2026 |  |  | 2025 |
Cash equivalents |  | $ | 30,265 |  |  | $ | 14,682 |
Short-term investments |  |  | 108,040 |  |  |  | 28,417 |
Long-term investments |  |  | 28,783 |  |  |  | 3,494 |
Total |  | $ | 167,088 |  |  | $ | 46,593 |
Schedule of Fair Value of Available-for-Sale Investments by Contractual Maturity | The fair value of cash equivalents and available-for-sale investments by contractual maturity was as follows as of March 31, 2026 and December 31, 2025 (in thousands):
|  | March 31, |  |  | December 31, |
|  | 2026 |  |  | 2025 |
Maturing in one year or less |  | $ | 138,305 |  |  | $ | 43,099 |
Maturing after one year through five years |  |  | 28,783 |  |  |  | 3,494 |
Total |  | $ | 167,088 |  |  | $ | 46,593 |

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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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