Annual report [Section 13 and 15(d), not S-K Item 405]

FAIR VALUE

v3.25.4
FAIR VALUE
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE FAIR VALUE
The table below summarizes the fair value of our cash equivalents and short-term investments measured at fair value on a recurring basis, and are categorized based upon the lowest level of significant input to the valuations (in thousands):
Assets at Fair Value as of December 31, 2025
Level 1 Level 2 Level 3 Total
Money market funds $ 14,509  $ —  $ —  $ 14,509 
US treasury bills —  63,994  —  63,994 
Government-sponsored enterprise securities —  20,692  —  20,692 
Corporate bonds and commercial paper —  35,740  —  35,740 
Total $ 14,509  $ 120,426  $ —  $ 134,935 
Assets at Fair Value as of December 31, 2024
Level 1 Level 2 Level 3 Total
Money market funds $ 16,386  $ —  $ —  $ 16,386 
US treasury bills —  7,263  —  7,263 
Government-sponsored enterprise securities —  23,177  —  23,177 
Corporate bonds and commercial paper —  10,360  —  10,360 
Total $ 16,386  $ 40,800  $ —  $ 57,186