| Marketable securities consisted of available-for-sale securities |
Marketable securities consisted of available-for-sale securities as follows (in thousands):
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As of March 31, 2026 |
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Estimated |
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Amortized |
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Unrealized |
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Unrealized |
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Fair |
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Cost |
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Gain |
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Loss |
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Value |
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Short-term marketable securities: |
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Corporate bonds |
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$ |
43,835 |
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$ |
99 |
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$ |
— |
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|
$ |
43,934 |
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U.S. Treasury securities |
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|
57,214 |
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|
60 |
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|
— |
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|
57,274 |
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Total short-term marketable securities |
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$ |
101,049 |
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|
$ |
159 |
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|
$ |
— |
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$ |
101,208 |
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Long-term marketable securities: |
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Corporate bonds |
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$ |
21,137 |
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$ |
40 |
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$ |
— |
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$ |
21,177 |
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U.S. Treasury securities |
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|
15,606 |
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— |
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(42 |
) |
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|
15,564 |
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U.S. government agency debt securities |
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— |
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— |
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— |
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— |
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Total long-term marketable securities |
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$ |
36,743 |
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$ |
40 |
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$ |
(42 |
) |
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$ |
36,741 |
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As of December 31, 2025 |
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Estimated |
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Amortized |
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Unrealized |
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Unrealized |
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Fair |
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|
Cost |
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|
Gain |
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|
Loss |
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|
Value |
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Short-term marketable securities: |
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Corporate bonds |
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$ |
31,874 |
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$ |
102 |
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$ |
— |
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|
$ |
31,976 |
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U.S. Treasury securities |
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|
33,296 |
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|
123 |
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— |
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|
33,419 |
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Total short-term marketable securities |
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$ |
65,170 |
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|
$ |
225 |
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|
$ |
— |
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$ |
65,395 |
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Long-term marketable securities: |
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Corporate bonds |
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$ |
50,341 |
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$ |
177 |
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$ |
— |
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$ |
50,518 |
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U.S. Treasury securities |
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|
6,022 |
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|
32 |
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— |
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|
6,054 |
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U.S. government agency debt securities |
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|
2,999 |
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1 |
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— |
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|
3,000 |
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Total long-term marketable securities |
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$ |
59,362 |
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|
$ |
210 |
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|
$ |
— |
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|
$ |
59,572 |
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As of March 31, 2026, the Company’s long-term marketable securities have contractual maturity dates between one and two years
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