v3.26.1
Short-term Investments
 3 Months Ended
Mar. 31, 2026
Investments [Abstract]  
Short-term Investments Short-term Investments
The amortized cost, unrealized gain, and estimated fair value of the Company's short-term investments consisted of the following:
March 31, 2026
Amortized CostUnrealized GainEstimated Fair Value
Short-term Investments
U.S. treasury securities$31,988 $33 $32,021 
Asset-backed securities5,231 15 5,246 
Total short-term investments$37,219 $48 $37,267 
December 31, 2025
Amortized CostUnrealized GainEstimated Fair Value
Short-term investments
U.S. treasury securities$55,955 $132 $56,087 
Asset-backed securities6,364 32 6,396 
Total short-term investments$62,319 $164 $62,483 
The Company did not have any short-term investments in unrealized loss positions as of March 31, 2026 and December 31, 2025. Generally, the Company does not intend to sell short-term investments that have unrealized losses, and does not anticipate that it is more likely than not that it will be required to sell such securities before any anticipated recovery of the entire amortized cost basis.
There were no realized gains or losses from short-term investments that were reclassified out of accumulated other comprehensive income (loss) for both the three months ended March 31, 2026 and 2025. The Company determined there were no material credit or non-credit related impairments as of March 31, 2026 and December 31, 2025.
The following table summarizes the stated maturities of the Company’s short-term investments:
March 31, 2026December 31, 2025
Amortized CostEstimated Fair ValueAmortized CostEstimated Fair Value
Due within one year$33,897 $33,937 $55,955 $56,087 
Due after one year through five years
3,322 3,330 6,364 6,396 
Total$37,219 $37,267 $62,319 $62,483