Note 3 - Fair Value Measurements

6 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Fair Value Disclosures [Text Block]

3. Fair Value Measurements

The following tables represent the Company’s financial assets that are measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands):

	Fair Value Measurements as of June 30, 2026:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value
Assets
Corporate bonds	$	—	$	111,644	$	—	$	111,644
Commercial paper		16,824		—		—		16,824
Certificates of deposit		—		10,164		—		10,164
U.S. government treasuries		1,698		—		—		1,698
Asset-backed securities		—		4,096		—		4,096
Money market funds (cash equivalents)		—		—		—		—
Total assets	$	18,522	$	125,904	$	—	$	144,426

	Fair Value Measurements as of December 31, 2025:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value
Assets
Corporate bonds	$	—	$	86,636	$	—	$	86,636
Commercial paper		68,977		—		—		68,977
Certificates of deposit		—		14,960		—		14,960
U.S. government treasuries		1,664		—		—		1,664
Asset-backed securities		—		6,026		—		6,026
Money market funds (cash equivalents)		8,383		—		—		8,383
Total assets	$	79,024	$	107,622	$	—	$	186,646