Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values as of June 30, 2026 and December 31, 2025 (in thousands):


Description		June 30, 2026				Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)
Financial assets
Cash equivalents:
Money market funds		$	40,342			$	40,342			$	—			$	—
U.S. Government agencies		$	26,933			$	26,933			$	—			$	—
Marketable securities:
U.S. Government agencies			256,004				—				256,004				—
Total financial assets		$	323,279			$	67,275			$	256,004			$	—


Description		December 31, 2025				Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)
Financial assets
Cash equivalents:
Money market funds		$	58,688			$	58,688			$	—			$	—
Marketable securities:
U.S. Government agencies			84,726				—				84,726				—
Total financial assets		$	143,414			$	58,688			$	84,726			$	—