v3.26.1
Marketable Securities (Tables)
 3 Months Ended
Mar. 31, 2026
Investments Debt And Equity Securities [Abstract]  
Schedule of Fair Value And Amortized Cost Of Available-for-sale Marketable Securities

The fair value and amortized cost of available-for-sale marketable securities by major security type are presented in the following tables as of the periods presented:

 

 

 

March 31, 2026

 

Type of security

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Estimated Fair Value

 

U.S. treasury securities

 

$

61,547

 

 

$

12

 

 

$

(104

)

 

$

61,455

 

Corporate bonds

 

 

40,276

 

 

 

1

 

 

 

(75

)

 

 

40,202

 

Commercial paper

 

 

32,880

 

 

 

—

 

 

 

(23

)

 

 

32,857

 

Asset backed securities

 

 

13,541

 

 

 

6

 

 

 

(6

)

 

 

13,541

 

U.S. government agency securities

 

 

4,317

 

 

 

1

 

 

 

(2

)

 

 

4,316

 

Total marketable securities

 

$

152,561

 

 

$

20

 

 

$

(210

)

 

$

152,371

 

 

 

 

December 31, 2025

 

Type of Security

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Estimated Fair Value

 

U.S. treasury securities

 

$

62,572

 

 

$

100

 

 

$

—

 

 

$

62,672

 

Commercial paper

 

 

46,773

 

 

 

14

 

 

 

(4

)

 

 

46,783

 

Corporate bonds

 

 

41,991

 

 

 

17

 

 

 

(3

)

 

 

42,005

 

Asset backed securities

 

 

13,558

 

 

 

17

 

 

 

—

 

 

 

13,575

 

U.S. government agency securities

 

 

4,304

 

 

 

7

 

 

 

—

 

 

 

4,311

 

Total marketable securities

 

$

169,198

 

 

$

155

 

 

$

(7

)

 

$

169,346

 
Summary Of Contractual Maturities Of Available-for-sale Marketable Securities

The net amortized cost and fair value of available-for-sale marketable securities are presented in the following table as of the periods presented by contractual maturity. Actual maturities may differ from contractual maturities because securities may be restructured, called or prepaid, or the Company may intend to sell a security prior to maturity.

 

 

 

March 31, 2026

 

 

 

Amortized Cost

 

 

Fair Value

 

Due to mature:

 

 

 

 

 

 

Less than one year

 

$

102,445

 

 

$

102,386

 

One year through three years

 

 

50,116

 

 

 

49,985

 

Total

 

$

152,561

 

 

$

152,371

 

 

 

 

December 31, 2025

 

 

 

Amortized Cost

 

 

Fair Value

 

Due to mature:

 

 

 

 

 

 

Less than one year

 

$

110,769

 

 

$

110,863

 

One year through three years

 

 

58,429

 

 

 

58,483

 

Total

 

$

169,198

 

 

$

169,346