v3.26.1
Investments
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
The following table summarizes our investments as of December 31, 2025 (in thousands):

 
Amortized Cost
Unrealized Gains
Unrealized Losses
Fair Value
Money market funds
$9,069 $— $— $9,069 
U.S. Treasury securities
82,410 74 (6)82,478 
Total
$91,479 $74 $(6)$91,547 

The fair values of our investments by classification in the consolidated balance sheets were as follows:
 As of
 December 31, 2025December 31, 2024
Cash and cash equivalents
$9,069 $— 
Short-term investments
82,478 — 
Total
$91,547 $— 


As of December 31, 2025, the aggregate fair value of securities that were in an unrealized loss position for fewer than twelve months was $17.7 million and no investments had been in a continuous unrealized loss position for longer than twelve months. The Company considers any losses to be temporary in nature and the Company has the intent and ability to hold its marketable debt securities until recovery. As a result, the Company determined it did not hold any investments with a credit loss at December 31, 2025.
As of December 31, 2025, accrued interest receivable on available-for-sale investments was $0.7 million, which was included within prepaid expenses and other current assets on our consolidated balance sheets.