XML 32 R25.htm IDEA: XBRL DOCUMENT
v3.25.4

Fair Value Measurements and Fair Value of Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Fair Value Disclosures [Abstract] |
Schedule of Marketable Securities Classified as Available-for-sale Securities | Marketable securities, all of which are classified as available-for-sale securities, consisted of the following at December 31, 2025 and 2024 (in thousands):
|  | December 31, 2025 |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Estimated |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
Asset-backed securities |  | $ | 5,334 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 5,340 |
U.S. treasury securities |  |  | 991 |  |  |  | 1 |  |  |  | — |  |  |  | 992 |
Other agency securities |  |  | 995 |  |  |  | — |  |  |  | — |  |  |  | 995 |
Commercial paper |  |  | 7,682 |  |  |  | 1 |  |  |  | — |  |  |  | 7,683 |
Corporate debt securities |  |  | 5,128 |  |  |  | 1 |  |  |  | — |  |  |  | 5,129 |
Total |  | $ | 20,130 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 20,139 |
|  | December 31, 2024 |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Estimated |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
Asset-backed securities |  | $ | 19,998 |  |  | $ | 46 |  |  | $ | (10 | ) |  | $ | 20,034 |
U.S. treasury securities |  |  | 14,346 |  |  |  | 18 |  |  |  | — |  |  |  | 14,364 |
Commercial paper |  |  | 2,079 |  |  |  | 3 |  |  |  | — |  |  |  | 2,082 |
Corporate debt securities |  |  | 26,478 |  |  |  | 46 |  |  |  | (6 | ) |  |  | 26,518 |
Total |  | $ | 62,901 |  |  | $ | 113 |  |  | $ | (16 | ) |  | $ | 62,998 |
Schedule of Gross Unrealized Losses and Fair Value of Company's Available-for-Sale Securities | The tables below show the gross unrealized losses and fair value of the Company's available-for-sale securities with unrealized losses that are not deemed to have credit losses (in thousands), aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2025 and 2024, respectively:
|  | December 31, 2025 |
|  | Less Than 12 Months |  |  | More Than 12 Months |  |  | Total |
|  | Estimated |  |  | Unrealized |  |  | Estimated |  |  | Unrealized |  |  | Estimated |  |  | Unrealized |
|  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |
Asset-backed securities |  | $ | 1,003 |  |  | $ | — |  |  | $ | 4,337 |  |  | $ | — |  |  | $ | 5,340 |  |  | $ | — |
U.S. treasury securities |  |  | 992 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 992 |  |  |  | — |
Other agency securities |  |  | 995 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 995 |  |  |  | — |
Commercial paper |  |  | 7,683 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,683 |  |  |  | — |
Corporate debt securities |  |  | 5,129 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,129 |  |  |  | — |
Total |  | $ | 15,802 |  |  | $ | — |  |  | $ | 4,337 |  |  | $ | — |  |  | $ | 20,139 |  |  | $ | — |
|  | December 31, 2024 |
|  | Less Than 12 Months |  |  | More Than 12 Months |  |  | Total |
|  | Estimated |  |  | Unrealized |  |  | Estimated |  |  | Unrealized |  |  | Estimated |  |  | Unrealized |
|  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |
Asset-backed securities |  | $ | 2,000 |  |  | $ | — |  |  | $ | 18,034 |  |  | $ | (10 | ) |  | $ | 20,034 |  |  | $ | (10 | )
U.S. treasury securities |  |  | 10,382 |  |  |  | — |  |  |  | 3,982 |  |  |  | — |  |  |  | 14,364 |  |  |  | — |
Commercial paper |  |  | 2,082 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,082 |  |  |  | — |
Corporate debt securities |  |  | 14,710 |  |  |  | — |  |  |  | 11,808 |  |  |  | (6 | ) |  |  | 26,518 |  |  |  | (6 | )
Total |  | $ | 29,174 |  |  | $ | — |  |  | $ | 33,824 |  |  | $ | (16 | ) |  | $ | 62,998 |  |  | $ | (16 | )
Schedule of Fair Values of Assets Measured at Fair Value on Recurring Basis | At December 31, 2025 and 2024, the fair values of the Company’s assets, which are measured at fair value on a recurring basis, were determined using the following inputs (in thousands):
|  | December 31, 2025 |
|  | Total |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Money market funds |  | $ | 7,755 |  |  | $ | 7,755 |  |  | $ | — |  |  | $ | — |
Asset-backed securities |  |  | 5,340 |  |  |  | — |  |  |  | 5,340 |  |  |  | — |
U.S. treasury securities |  |  | 992 |  |  |  | 992 |  |  |  | — |  |  |  | — |
Other agency securities |  |  | 995 |  |  |  | — |  |  |  | 995 |  |  |  | — |
Commercial paper |  |  | 7,683 |  |  |  | — |  |  |  | 7,683 |  |  |  | — |
Corporate debt securities |  |  | 5,129 |  |  |  | — |  |  |  | 5,129 |  |  |  | — |
Total |  | $ | 27,894 |  |  | $ | 8,747 |  |  | $ | 19,147 |  |  | $ | — |
|  | December 31, 2024 |
|  | Total |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Money market funds |  | $ | 5,620 |  |  | $ | 5,620 |  |  | $ | — |  |  | $ | — |
Asset-backed securities |  |  | 20,034 |  |  |  | — |  |  |  | 20,034 |  |  |  | — |
U.S. treasury securities |  |  | 14,364 |  |  |  | 12,379 |  |  |  | 1,985 |  |  |  | — |
Commercial paper |  |  | 2,082 |  |  |  | — |  |  |  | 2,082 |  |  |  | — |
Corporate debt securities |  |  | 26,518 |  |  |  | — |  |  |  | 26,518 |  |  |  | — |
Total |  | $ | 68,618 |  |  | $ | 17,999 |  |  | $ | 50,619 |  |  | $ | — |

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479081/326-30-55-8 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-6 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479106/326-30-50-4 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration