| Schedule of Available-for-sale Investments |
Available-for-sale investments consisted of the following as of March 31, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
|
|
Amortized Cost |
|
|
Unrealized Gain |
|
|
Unrealized Loss |
|
|
Estimated Fair Value |
|
Short-term marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
$ |
7,735 |
|
|
$ |
— |
|
|
$ |
(3 |
) |
|
$ |
7,732 |
|
U.S. government treasury securities |
|
|
107,138 |
|
|
|
55 |
|
|
|
(43 |
) |
|
|
107,150 |
|
Corporate bonds |
|
|
25,889 |
|
|
|
6 |
|
|
|
(24 |
) |
|
|
25,871 |
|
Total short-term marketable securities |
|
$ |
140,762 |
|
|
$ |
61 |
|
|
$ |
(70 |
) |
|
$ |
140,753 |
|
Long-term marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government treasury and agency securities |
|
$ |
14,947 |
|
|
$ |
— |
|
|
$ |
(28 |
) |
|
$ |
14,919 |
|
Corporate bonds |
|
|
3,961 |
|
|
|
9 |
|
|
|
— |
|
|
|
3,970 |
|
Total long-term marketable securities |
|
$ |
18,908 |
|
|
$ |
9 |
|
|
$ |
(28 |
) |
|
$ |
18,889 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Amortized Cost |
|
|
Unrealized Gain |
|
|
Unrealized Loss |
|
|
Estimated Fair Value |
|
Short-term marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
$ |
9,931 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
9,932 |
|
U.S. government treasury securities |
|
|
114,138 |
|
|
|
204 |
|
|
|
— |
|
|
|
114,342 |
|
Corporate bonds |
|
|
32,177 |
|
|
|
34 |
|
|
|
— |
|
|
|
32,211 |
|
Total short-term marketable securities |
|
$ |
156,246 |
|
|
$ |
239 |
|
|
$ |
— |
|
|
$ |
156,485 |
|
Long-term marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government treasury and agency securities |
|
$ |
11,250 |
|
|
$ |
13 |
|
|
$ |
— |
|
|
$ |
11,263 |
|
Corporate bonds |
|
|
1,970 |
|
|
|
1 |
|
|
|
— |
|
|
|
1,971 |
|
Total long-term marketable securities |
|
$ |
13,220 |
|
|
$ |
14 |
|
|
$ |
— |
|
|
$ |
13,234 |
|
|
| Schedule of Gross Unrealized Holding Losses and Fair Values for Investments in Unrealized Loss Position |
The following table presents the gross unrealized holding losses and fair values for investments in an unrealized loss position, and the length of time individual securities have been in a continuous loss position, as of March 31, 2026 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less Than 12 Months |
|
|
12 Months Or Greater |
|
|
|
Fair Value |
|
|
Unrealized Loss |
|
|
Fair Value |
|
|
Unrealized Loss |
|
Commercial paper |
|
$ |
6,275 |
|
|
$ |
(3 |
) |
|
$ |
— |
|
|
$ |
— |
|
U.S. government treasury and agency securities |
|
|
63,477 |
|
|
|
(71 |
) |
|
|
— |
|
|
|
— |
|
Corporate bonds |
|
|
14,204 |
|
|
|
(24 |
) |
|
|
— |
|
|
|
— |
|
Total available-for-sale securities |
|
$ |
83,956 |
|
|
$ |
(98 |
) |
|
$ |
— |
|
|
$ |
— |
|
|