v3.26.1
Fair Value of Financial Instruments and Non-Financial Instruments (FY) (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value of Financial Instruments and Non-Financial Instruments  
Summary of assets measured at fair value on a recurring basis
 
 
 
 
 
 
 
Fair value measurement at
reporting date using
(in thousands)
 
 
Quoted prices
in active
markets for
identical
assets
(Level 1)
 
 
Significant
other
observable
Inputs
(Level 2)
 
 
Significant
unobservable
Inputs
(Level 3)
December 31, 2025:
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
 
Money market funds
 
 
$43,803
 
 
$—
 
 
$—
Total cash equivalents
 
 
43,803
 
 
—
 
 
—
Total financial assets
 
 
$43,803
 
 
$—
 
 
$—
December 31, 2024:
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
 
Money market funds
 
 
$29,058
 
 
$—
 
 
$—
Commercial paper
 
 
—
 
 
4,988
 
 
—
Total cash equivalents
 
 
29,058
 
 
4,988
 
 
—
Marketable securities:
 
 
 
 
 
 
 
 
 
Certificates of deposit
 
 
—
 
 
5,971
 
 
—
Commercial paper
 
 
—
 
 
25,439
 
 
—
Corporate debt securities
 
 
—
 
 
1,865
 
 
—
U.S. government securities
 
 
—
 
 
5,908
 
 
—
Total marketable securities
 
 
—
 
 
39,183
 
 
—
Total financial assets
 
 
$29,058
 
 
$44,171
 
 
$—
 
 
 
 
 
 
 
 
 
 
Summary of non-financial instruments measured at fair value, on a nonrecurring basis
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements as of December 31, 2025 of
assets remeasured during 2025
 
 
Year ended
December 31, 2025
(in thousands)
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Impairment Losses
Property and equipment, net
 
 
$—
 
 
$—
 
 
$3,155
 
 
$3,373
Right of use assets
 
 
—
 
 
—
 
 
9,489
 
 
2,633
Other assets
 
 
—
 
 
—
 
 
—
 
 
139
Total
 
 
$—
 
 
$—
 
 
$12,644
 
 
$6,145
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements as of December 31, 2024 of
assets remeasured during 2024
 
 
Year ended
December 31, 2024
(in thousands)
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Impairment Losses
Property and equipment, net
 
 
$—
 
 
$—
 
 
$1,668
 
 
$2,279
Right of use assets
 
 
—
 
 
—
 
 
1,642
 
 
2,516
Other assets
 
 
—
 
 
—
 
 
200
 
 
438
Total
 
 
$—
 
 
$—
 
 
$3,510
 
 
$5,233