Quarterly report [Sections 13 or 15(d)]

Fair Value Measurements (Tables)

v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Summary of Fair Value Assets Measured on Recurring Basis for Cash, Cash Equivalents and Restricted Cash

The following table summarizes fair value measurements by level for the assets measured at fair value on a recurring basis for cash, cash equivalents, marketable securities and restricted cash:

 

 

As of March 31, 2026

 

 

 

 

 

 

Gross

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

Adjusted

 

 

unrealized

 

 

 

 

 

and cash

 

 

Marketable

 

 

Restricted

 

 

 

cost

 

 

gains (losses)

 

 

Fair value

 

 

equivalents

 

 

securities

 

 

cash

 

Cash

 

$

27,656

 

 

$

 

 

$

27,656

 

 

$

27,656

 

 

$

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

 

 

40,313

 

 

 

 

 

 

40,313

 

 

 

39,017

 

 

 

 

 

 

1,296

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

7,049

 

 

 

(3

)

 

 

7,046

 

 

 

 

 

 

7,046

 

 

 

 

U.S. Treasury securities

 

 

9,971

 

 

 

42

 

 

 

10,013

 

 

 

 

 

 

10,013

 

 

 

 

Institutional Insured Liquidity Deposit Savings

 

 

26,439

 

 

 

 

 

 

26,439

 

 

 

26,439

 

 

 

 

 

 

 

Total

 

$

111,428

 

 

$

39

 

 

$

111,467

 

 

$

93,112

 

 

$

17,059

 

 

$

1,296

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2025

 

 

 

 

 

 

Gross

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

Adjusted

 

 

unrealized

 

 

 

 

 

and cash

 

 

Marketable

 

 

Restricted

 

 

 

cost

 

 

gains

 

 

Fair value

 

 

equivalents

 

 

securities

 

 

cash

 

Cash

 

$

27,858

 

 

$

 

 

$

27,858

 

 

$

27,858

 

 

$

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

 

 

49,453

 

 

 

 

 

 

49,453

 

 

 

48,164

 

 

 

 

 

 

1,289

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

7,221

 

 

 

6

 

 

 

7,227

 

 

 

 

 

 

7,227

 

 

 

 

U.S. Treasury securities

 

 

10,098

 

 

 

17

 

 

 

10,115

 

 

 

1,494

 

 

 

8,621

 

 

 

 

Institutional Insured Liquidity Deposit Savings

 

 

26,213

 

 

 

 

 

 

26,213

 

 

 

26,213

 

 

 

 

 

 

 

Total

 

$

120,843

 

 

$

23

 

 

$

120,866

 

 

$

103,729

 

 

$

15,848

 

 

$

1,289

 

Summary of Components of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) were as follows:

 

 

Foreign

 

 

Unrealized

 

 

Accumulated

 

 

 

currency

 

 

gains

 

 

other

 

 

 

translation

 

 

on marketable

 

 

comprehensive

 

 

 

adjustments

 

 

securities

 

 

income (loss)

 

Balance as of December 31, 2025

 

$

4,221

 

 

$

22

 

 

$

4,243

 

Other comprehensive income (loss)

 

 

(845

)

 

 

17

 

 

 

(828

)

Balance as of March 31, 2026

 

$

3,376

 

 

$

39

 

 

$

3,415