Marketable securities consisted of available-for-sale securities as follows (in thousands):


	As of March 31, 2026
								Estimated
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gain		Loss			Value
Short-term marketable securities:
Corporate bonds	$	43,835	$	99	$	—		$	43,934
U.S. Treasury securities		57,214		60		—			57,274
Total short-term marketable securities	$	101,049	$	159	$	—		$	101,208
Long-term marketable securities:
Corporate bonds	$	21,137	$	40	$	—		$	21,177
U.S. Treasury securities		15,606		—		(42	)		15,564
U.S. government agency debt securities		—		—		—			—
Total long-term marketable securities	$	36,743	$	40	$	(42	)	$	36,741


	As of December 31, 2025
							Estimated
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gain		Loss		Value
Short-term marketable securities:
Corporate bonds	$	31,874	$	102	$	—	$	31,976
U.S. Treasury securities		33,296		123		—		33,419
Total short-term marketable securities	$	65,170	$	225	$	—	$	65,395
Long-term marketable securities:
Corporate bonds	$	50,341	$	177	$	—	$	50,518
U.S. Treasury securities		6,022		32		—		6,054
U.S. government agency debt securities		2,999		1		—		3,000
Total long-term marketable securities	$	59,362	$	210	$	—	$	59,572