Marketable securities as of December 31, 2025, consisted of the following (in thousands):


	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Description
Corporate debt securities	$	99,543	$	53	$	—		99,596
U.S Treasury securities		147,514		111		—		147,625
Total	$	247,057	$	164	$	—	$	247,221

Marketable securities as of December 31, 2024, consisted of the following (in thousands):


	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Description
Corporate debt securities	$	63,710	$	56	$	(8	)		63,758
U.S Treasury securities		84,068		75		(6	)		84,137
Total	$	147,778	$	131	$	(14	)	$	147,895

As of December 31, 2025, the Company held 69 marketable securities, 1 of which was in an unrealized loss position, and the aggregate fair value of securities in a loss position was $3.2 million. As of December 31, 2024, the Company held 53 marketable securities, 9 of which were in an unrealized loss position, and the aggregate fair value of securities in a loss position was $20.0 million. There were no individual securities that were in a significant unrealized loss position as of December 31, 2025 or 2024.

The Company holds debt securities of companies with high credit quality and has determined that there was no material change in the credit risk of any of its debt securities. The Company also believes that it will be able to collect both principal and interest amounts due to it at maturity.