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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of fair value of marketable securities and unrealized gains and losses and amortisation cost

The following tables present the amortized cost, gross unrealized gains and losses, and fair value of cash equivalents and marketable securities by major type and fair value hierarchy level (in thousands):

 

 

September 30, 2026

 

 

 

Fair Value
Hierarchy
Level

 

Amortized
Cost

 

 

Gross Unrealized
Gains

 

 

Gross Unrealized
Losses

 

 

Fair Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

Level 1

 

$

16,602

 

 

$

—

 

 

$

—

 

 

$

16,602

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury securities

 

Level 1

 

 

61,491

 

 

 

—

 

 

 

(151

)

 

 

61,340

 

Total

 

 

 

$

78,093

 

 

$

—

 

 

$

(151

)

 

$

77,942

 

 

 

 

December 31, 2025

 

 

 

Fair Value
Hierarchy
Level

 

Amortized
Cost

 

 

Gross Unrealized
Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

Level 1

 

$

14,925

 

 

$

—

 

 

$

—

 

 

$

14,925

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury securities

 

Level 1

 

 

52,516

 

 

 

17

 

 

 

—

 

 

 

52,533

 

Total

 

 

 

$

67,441

 

 

$

17

 

 

$

—

 

 

$

67,458

 

Schedule of fair value and gross unrealized losses of available-for-sale debt

The following table presents the fair value and gross unrealized losses of the Company’s available-for-sale debt securities in a continuous unrealized loss position as of September 30, 2026 (in thousands):

 

 

September 30, 2026

 

 

 

Fair Value

 

 

Gross Unrealized
Losses

 

U.S. Treasury securities in a continuous unrealized loss position for less than 12 months

 

$

61,340

 

 

$

(151

)