 

Quoted prices
in active
markets
(Level 1)

 

Significant
other
observable
inputs
(Level 2)

 

Significant
unobservable
inputs
(Level 3)

 

Total

 

Classification in Unaudited Consolidated
Balance Sheets

(in thousands)

Balance at December 31, 2025

Assets:

Cash and cash equivalents

$

80,240

$

—

$

—

$

80,240

Cash and cash equivalents

Restricted cash

1,561

—

1,561

Other non-current assets

Total assets

$

81,801

$

—

$

—

$

81,801

Liabilities:

Liability related to pre-funded warrants

—

12,595

—

12,595

Liability related to pre-funded warrants

Contingent consideration

—

18,736

Contingent consideration

Consideration for post-acquisition services

—

638

Other non-current liabilities

Total liabilities

$

—

$

12,595

$

19,374

$

31,969

Balance at June 30, 2026

Assets:

Cash and cash equivalents

$

413,027

$

—

$

—

$

413,027

Cash and cash equivalents

Restricted cash

1,534

—

1,534

Other non-current assets

Total assets

$

414,561

$

—

$

—

$

414,561

Liabilities:

Liability related to pre-funded warrants

—

24,242

—

24,242

Liability related to pre-funded warrants

Contingent consideration

—

18,113

Contingent consideration

Consideration for post-acquisition services

—

617

Other non-current liabilities

Total liabilities

$

—

$

24,242

$

18,730

$

42,972