Fair value measurement (Tables)

9 Months Ended

Sep. 30, 2026

Fair value measurement

Schedule of financial assets measured at fair value on a recurring basis

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):

	September 30, 2026
	Level	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value
Cash equivalents:
Money market funds	1	$	211,687	$	—	$	—		$	211,687
Marketable securities:
U.S. treasury securities	2		249,207		—		(467	)		248,740
Total financial assets		$	460,894	$	—	$	(467	)	$	460,427

	December 31, 2025
	Level	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Cash equivalents:
Money market funds	1	$	652,112	$	—	$	—	$	652,112
Total financial assets		$	652,112	$	—	$	—	$	652,112