v3.26.1
Marketable securities (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Summary of Amortized Cost, Gross Unrealized Holding Gains, and Fair Value of the Company's Cash Equivalents Marketable Securities by Major Security Type The amortized cost, gross unrealized holding gains, and fair value of the Company’s marketable securities by major security type as of December 31, 2025 are summarized in the table below:

 

 

 

December 31, 2025

 

 

 

(in thousands)

 

 

Amortized Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Aggregate
Estimated Fair
Value

 

Marketable securities, current

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

121,246

 

 

$

93

 

 

$

—

 

 

$

121,339

 

U.S. government agency securities

 

 

23,467

 

 

 

9

 

 

 

—

 

 

 

23,476

 

Commercial paper

 

 

5,874

 

 

 

2

 

 

 

—

 

 

 

5,876

 

Corporate debt securities

 

 

1,979

 

 

 

—

 

 

 

—

 

 

 

1,979

 

Total short-term marketable securities

 

 

152,566

 

 

 

104

 

 

 

—

 

 

 

152,670

 

Marketable securities, non-current

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

 

18,108

 

 

 

6

 

 

 

—

 

 

 

18,114

 

Total long-term marketable securities

 

 

18,108

 

 

 

6

 

 

 

—

 

 

 

18,114

 

Total

 

$

170,674

 

 

$

110

 

 

$

—

 

 

$

170,784