Quarterly report [Sections 13 or 15(d)]

Fair Value (Tables)

v3.26.1
Fair Value (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis
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 March 31, 2026
Level 1 Level 2 Level 3 Total
Money market funds $ 12,593  $ —  $ —  $ 12,593 
US treasury bills —  76,474  —  76,474 
Government-sponsored enterprise securities —  23,113  —  23,113 
Corporate bonds and commercial paper —  23,785  —  23,785 
Total $ 12,593  $ 123,372  $ —  $ 135,965 
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