| Summary of Marketable Securities Held |
The following table summarizes the Company’s marketable securities held at March 31, 2026 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
Commercial paper |
|
$ |
275,444 |
|
|
$ |
15 |
|
|
$ |
(345 |
) |
|
$ |
275,114 |
|
Corporate notes |
|
|
92,021 |
|
|
|
11 |
|
|
|
(101 |
) |
|
|
91,931 |
|
U.S. Treasury securities |
|
|
512,770 |
|
|
|
234 |
|
|
|
(840 |
) |
|
|
512,164 |
|
U.S. Government securities |
|
|
38,599 |
|
|
|
5 |
|
|
|
(49 |
) |
|
|
38,555 |
|
Corporate equity securities |
|
|
5,597 |
|
|
|
— |
|
|
|
— |
|
|
|
5,597 |
|
Total |
|
$ |
924,431 |
|
|
$ |
265 |
|
|
$ |
(1,335 |
) |
|
$ |
923,361 |
|
The following table summarizes the Company’s marketable securities held at December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
Commercial paper |
|
$ |
304,861 |
|
|
$ |
162 |
|
|
$ |
(64 |
) |
|
$ |
304,959 |
|
Corporate notes |
|
|
149,928 |
|
|
|
128 |
|
|
|
(10 |
) |
|
|
150,046 |
|
U.S. Treasury securities |
|
|
462,112 |
|
|
|
872 |
|
|
|
— |
|
|
|
462,984 |
|
U.S. Government securities |
|
|
26,673 |
|
|
|
23 |
|
|
|
— |
|
|
|
26,696 |
|
Corporate equity securities |
|
|
5,581 |
|
|
|
— |
|
|
|
— |
|
|
|
5,581 |
|
Total |
|
$ |
949,155 |
|
|
$ |
1,185 |
|
|
$ |
(74 |
) |
|
$ |
950,266 |
|
|