| Schedule of Cash Equivalents and Marketable Securities |
Cash equivalents and marketable securities consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Amortized
Cost Basis |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
|
|
(in thousands) |
|
Money market funds |
|
$ |
51,333 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
51,333 |
|
Commercial paper |
|
|
29,134 |
|
|
|
5 |
|
|
|
— |
|
|
|
29,139 |
|
Corporate debt securities |
|
|
16,950 |
|
|
|
2 |
|
|
|
— |
|
|
|
16,952 |
|
Asset-based securities |
|
|
7,281 |
|
|
|
— |
|
|
|
(1 |
) |
|
|
7,280 |
|
U.S. government securities |
|
|
29,914 |
|
|
|
13 |
|
|
|
— |
|
|
|
29,927 |
|
Total |
|
|
134,612 |
|
|
|
20 |
|
|
|
(1 |
) |
|
|
134,631 |
|
Less: amounts classified as cash equivalents |
|
|
(51,333 |
) |
|
|
— |
|
|
|
— |
|
|
|
(51,333 |
) |
Total marketable securities |
|
$ |
83,279 |
|
|
$ |
20 |
|
|
$ |
(1 |
) |
|
$ |
83,298 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
|
Amortized
Cost Basis |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
|
|
(in thousands) |
|
Money market funds |
|
$ |
68,474 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
68,474 |
|
Commercial paper |
|
|
50,933 |
|
|
|
3 |
|
|
|
(4 |
) |
|
|
50,932 |
|
Corporate debt securities |
|
|
94,248 |
|
|
|
13 |
|
|
|
(4 |
) |
|
|
94,257 |
|
Asset-based securities |
|
|
40,521 |
|
|
|
2 |
|
|
|
(1 |
) |
|
|
40,522 |
|
U.S. government securities |
|
|
49,619 |
|
|
|
25 |
|
|
|
— |
|
|
|
49,644 |
|
U.S. agency securities |
|
|
9,577 |
|
|
|
5 |
|
|
|
— |
|
|
|
9,582 |
|
Total |
|
|
313,372 |
|
|
|
48 |
|
|
|
(9 |
) |
|
|
313,411 |
|
Less: amounts classified as cash equivalents |
|
|
(186,818 |
) |
|
|
(9 |
) |
|
|
7 |
|
|
|
(186,820 |
) |
Total marketable securities |
|
$ |
126,554 |
|
|
$ |
39 |
|
|
$ |
(2 |
) |
|
$ |
126,591 |
|
|