v3.26.1
Marketable Securities (Tables)
3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses, and Fair Value
All of the Company's marketable securities are classified as available-for-sale. The amortized cost, gross unrealized gains, gross unrealized losses, and fair value of the Company’s marketable securities, by major security type, were as follows (in thousands):
As of March 31, 2026
Amortized CostUnrealized GainsUnrealized LossesFair Value
Commercial paper$6,474$$(1)$6,473
U.S. Treasuries25,33627— 25,363
U.S. Government agency bonds6,0281(3)6,026
Corporate bonds25,278(57)25,221
Total marketable securities$63,116$28$(61)$63,083
As of December 31, 2025
Amortized CostUnrealized GainsUnrealized LossesFair Value
Commercial paper$12,875 $$— $12,877 
U.S. Treasuries29,572 78 — 29,650 
U.S. Government agency bonds13,588 (1)13,594 
Corporate bonds32,279 13 (20)32,272 
Total marketable securities$88,314 $100 $(21)$88,393 
Schedule of Fair Value and Gross Unrealized Losses
The following tables present the fair value and gross unrealized losses of the Company’s marketable securities aggregated by major security type and length of time that the individual securities have been in a continuous unrealized loss position (in thousands):
Less Than 12 MonthsGreater Than 12 Months
As of March 31, 2026Fair ValueUnrealized LossesFair ValueUnrealized Losses
Commercial paper$6,473 $(1)$— $— 
U.S. Government agency bonds1,449 (2)2,596 (1)
Corporate bonds25,221 (57)— — 
Total$33,143 $(60)$2,596 $(1)
Less Than 12 MonthsGreater Than 12 Months
As of December 31, 2025Fair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Government agency bonds$450 $— $3,589 $(1)
Corporate bonds19,759 (20)— — 
Total$20,209 $(20)$3,589 $(1)
Schedule of Contractual Maturities of Marketable Securities
The following table summarizes the contractual maturities of the Company’s marketable securities (in thousands):
As of March 31, 2026As of December 31, 2025
Amortized CostFair ValueAmortized CostFair Value
Due within one year$50,330 $50,327 $71,054 $71,141 
Due in one to two years12,786 12,756 17,260 17,252 
Total$63,116 $63,083 $88,314 $88,393