v3.25.4
Marketable Securities
3 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities

4. Marketable Securities

As of December 31, 2025 and September 30, 2025, the fair value of available-for-sale marketable securities, by type of security, was as follows:

 

 

December 31, 2025

 

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Credit Losses

 

 

Fair Value

 

 

 

(in thousands)

 

U.S. Treasury notes

 

$

204,412

 

 

$

62

 

 

$

(7

)

 

$

 

 

$

204,467

 

 

 

$

204,412

 

 

$

62

 

 

$

(7

)

 

$

 

 

$

204,467

 

 

 

 

September 30, 2025

 

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Credit Losses

 

 

Fair Value

 

 

 

(in thousands)

 

U.S. Treasury notes

 

$

156,521

 

 

$

47

 

 

$

(2

)

 

$

 

 

$

156,566

 

 

 

$

156,521

 

 

$

47

 

 

$

(2

)

 

$

 

 

$

156,566

 

 

As of December 31, 2025 and September 30, 2025, marketable securities consisted of investments that mature within one year, with the exception of certain U.S. Treasury notes as of December 31, 2025 which have maturities between one and two years and an aggregate fair value of $56,055.