Marketable Securities and Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Debt Securities [Abstract]

Schedule of Marketable Securities

The following table summarizes the Company’s marketable securities (in thousands):

	March 31, 2026								December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Corporate debt securities	$	—	$	—	$	—	$	—	$	6,991	$	6	$	—	$	6,997
U.S. Treasury notes	91,072		352		—		91,424		103,620		813		(1)		104,432
	$	91,072	$	352	$	—	$	91,424	$	110,611	$	819	$	(1)	$	111,429

The following table summarizes the Company’s marketable securities maturity as of March 31, 2026 (in thousands):

Year	Amortized Cost		Fair Value
2026	$	38,435	$	38,561
2027	27,976		28,095
2028	24,661		24,768
	$	91,072	$	91,424

Schedule of Marketable Securities, Unrealized Loss Position

The following table summarizes the Company’s marketable securities with gross unrealized losses by security type aggregated by the length of time the investments have been in a continuous unrealized loss position as of December 31, 2025 (in thousands):

	Less Than 12 Months				12 Months or Greater
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Corporate debt securities	$	—	$	—	$	—	$	—
U.S. Treasury notes	12,932		1		—		—
	$	12,932	$	1	$	—	$	—

Schedule of Fair Value Assets Measured on Recurring Basis

The table below summarizes the Company’s financial instruments measured at fair value on a recurring basis (in thousands):

	March 31, 2026						December 31, 2025
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Marketable securities:
Corporate debt securities	$	—	$	—	$	—	$	—	$	6,997	$	—
U.S. Treasury notes	91,424		—		—		104,432		—		—
	$	91,424	$	—	$	—	$	104,432	$	6,997	$	—