Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Subject to Fair Value Measurements on a Recurring Basis and the Level of Inputs Used

The Company’s financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used for such measurements were as follows (in thousands):

		Fair Value Measured as of December 31, 2025:
		Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents:
Money market funds		$	8,136			$	—			$	—			$	8,136
Total cash equivalents		$	8,136			$	—			$	—			$	8,136
Marketable investments:
Marketable equity investments		$	2,580			$	—			$	—			$	2,580
Total marketable investments		$	2,580			$	—			$	—			$	2,580
Liabilities:
Derivative liability		$	—			$	—			$	(12,647	)		$	(12,467	)
Total derivative liabilities		$	—			$	—			$	(12,647	)		$	(12,467	)

		Fair Value Measured as of December 31, 2024:
		Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents:
Money market funds		$	17,730			$	—			$	—			$	17,730
U.S. treasury securities			5,519				—				—				5,519
Commercial paper			—				9,967				—				9,967
Corporate bonds			—				799				—				799
Total cash equivalents		$	23,249			$	10,766			$	—			$	34,015
Marketable investments:
U.S. treasury securities		$	5,436			$	—			$	—			$	5,436
Certificate of deposits			—				1,561				—				1,561
Commercial paper			—				9,107				—				9,107
Corporate bonds			—				80,558				—				80,558
Marketable equity investments			3,165				—				—				3,165
Total marketable investments		$	8,601			$	91,226			$	—			$	99,827
Liabilities:
Derivative liability		$	—			$	—			$	(9,410	)		$	(9,410	)
Total derivative liabilities		$	—			$	—			$	(9,410	)		$	(9,410	)