v3.26.1
Cash, Cash Equivalents, and Restricted Cash
3 Months Ended
Mar. 31, 2026
Cash and Cash Equivalents [Abstract]  
Cash, Cash Equivalents, and Restricted Cash

5. Cash, Cash Equivalents, and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the current period and comparable prior year period condensed consolidated balance sheets that sum to the total of the same such amounts shown on the condensed consolidated statements of cash flows.

March 31, 

(In thousands)

2026

2025

Cash and cash equivalents

$

288,101

$

110,614

Restricted cash

836

836

Total cash, cash equivalents, and restricted cash

$

288,937

$

111,450

 

 

The Company maintains restricted cash for certain lease agreements and letters of credit by which the Company has pledged cash and cash equivalents as collateral. The cash-related amounts reported in the table above exclude the Company’s investments in short-term marketable securities that are reported separately on the condensed consolidated balance sheets.

The Company periodically engages in foreign exchange transactions as a part of its operations. The Company recognized net realized and unrealized foreign currency losses were immaterial for the three months ended March 31, 2026 and 2025, respectively. These amounts are included in the Company’s condensed consolidated statements of operations within “Interest income and other income, net”.