| Summary of Amortized Cost, Unrealized Gains (Losses) and Fair Value of Available-for-sale Marketable Securities |
The following tables summarize the amortized cost, unrealized gains (losses) and fair value of available-for-sale marketable securities (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
|
|
Amortized
Cost |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
Money market funds |
|
$ |
23,503 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
23,503 |
|
U.S. government bonds |
|
|
59,666 |
|
|
|
40 |
|
|
|
(47 |
) |
|
|
59,659 |
|
Government agency obligations |
|
|
18,285 |
|
|
|
26 |
|
|
|
(5 |
) |
|
|
18,306 |
|
Corporate debt obligations |
|
|
18,740 |
|
|
|
— |
|
|
|
(40 |
) |
|
|
18,700 |
|
Commercial paper |
|
|
18,209 |
|
|
|
2 |
|
|
|
(20 |
) |
|
|
18,191 |
|
Total |
|
|
138,403 |
|
|
|
68 |
|
|
|
(112 |
) |
|
|
138,359 |
|
Less: amounts classified as cash equivalents |
|
|
(23,503 |
) |
|
|
— |
|
|
|
— |
|
|
|
(23,503 |
) |
Total available-for-sale marketable securities |
|
$ |
114,900 |
|
|
$ |
68 |
|
|
$ |
(112 |
) |
|
$ |
114,856 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Amortized
Cost |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
Money market funds |
|
$ |
40,721 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
40,721 |
|
U.S. government bonds |
|
|
72,006 |
|
|
|
172 |
|
|
|
(1 |
) |
|
|
72,177 |
|
Government agency obligations |
|
|
15,762 |
|
|
|
63 |
|
|
|
— |
|
|
|
15,825 |
|
Corporate debt obligations |
|
|
15,201 |
|
|
|
10 |
|
|
|
— |
|
|
|
15,211 |
|
Commercial paper |
|
|
15,848 |
|
|
|
16 |
|
|
|
— |
|
|
|
15,864 |
|
Total |
|
|
159,538 |
|
|
|
261 |
|
|
|
(1 |
) |
|
|
159,798 |
|
Less: amounts classified as cash equivalents |
|
|
(40,721 |
) |
|
|
— |
|
|
|
— |
|
|
|
(40,721 |
) |
Total available-for-sale marketable securities |
|
$ |
118,817 |
|
|
$ |
261 |
|
|
$ |
(1 |
) |
|
$ |
119,077 |
|
|
| Summary of Amortized Cost and Fair Value of Available-for-sale Marketable Securities by Contractual Maturity |
The amortized cost and fair value of available-for-sale marketable securities by contractual maturity were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
|
December 31, 2025 |
|
|
|
Amortized
Cost |
|
|
Fair Value |
|
|
Amortized
Cost |
|
|
Fair Value |
|
Maturing within one year |
|
$ |
109,867 |
|
|
$ |
109,839 |
|
|
$ |
112,777 |
|
|
$ |
113,038 |
|
Maturing in one to five years |
|
|
5,033 |
|
|
|
5,017 |
|
|
|
6,040 |
|
|
|
6,039 |
|
Total available-for-sale marketable securities |
|
$ |
114,900 |
|
|
$ |
114,856 |
|
|
$ |
118,817 |
|
|
$ |
119,077 |
|
|