The following table summarizes the amortized cost, unrealized gains and losses and fair value of the Company’s available-for-sale marketable securities as of December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
Total |
|
|
Total |
|
|
Total |
|
|
|
Amortized |
|
|
Unrealized |
|
|
Unrealized |
|
|
Estimated |
|
As of December 31, 2025 |
|
Cost |
|
|
Gains |
|
|
Losses |
|
|
Fair Value |
|
Money market funds (included in cash and cash equivalents) |
|
$ |
122,165 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
122,165 |
|
U.S. Treasury obligations |
|
|
109,667 |
|
|
|
52 |
|
|
|
— |
|
|
|
109,719 |
|
U.S. Government bonds |
|
|
45,397 |
|
|
|
44 |
|
|
|
— |
|
|
|
45,441 |
|
Total available for sale marketable securities |
|
$ |
277,229 |
|
|
$ |
96 |
|
|
$ |
— |
|
|
$ |
277,325 |
|
The following table summarizes the amortized cost, unrealized gains and losses and fair value of the Company’s available-for-sale marketable securities as of December 31, 2024 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
Total |
|
|
Total |
|
|
Total |
|
|
|
Amortized |
|
|
Unrealized |
|
|
Unrealized |
|
|
Estimated |
|
As of December 31, 2024 |
|
Cost |
|
|
Gains |
|
|
Losses |
|
|
Fair Value |
|
Money market funds (included in cash and cash equivalents) |
|
$ |
36,745 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
36,745 |
|
U.S. Treasury obligations ($25,426 included in cash and cash equivalents) |
|
|
214,677 |
|
|
|
107 |
|
|
|
— |
|
|
|
214,784 |
|
Corporate debt obligations (included in cash and cash equivalents) |
|
|
33,912 |
|
|
|
— |
|
|
|
(2 |
) |
|
|
33,910 |
|
Total available for sale marketable securities |
|
$ |
285,334 |
|
|
$ |
107 |
|
|
$ |
(2 |
) |
|
$ |
285,439 |
|
|