| Schedule of Amortized Cost and Estimated Fair Value |
The following tables summarize the amortized cost and estimated fair value of the Company’s current and noncurrent marketable securities (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | Amortized Cost | | Unrealized Gains | | Unrealized Losses | | Fair Value | Marketable securities, current: | | | | | | | | U.S. Treasury securities | $ | 119,350 | | | $ | 86 | | | $ | (11) | | | $ | 119,425 | | Commercial paper | 24,629 | | | 1 | | | (23) | | | 24,607 | | Corporate debt | 5,819 | | | — | | | (3) | | | 5,816 | | Government agency securities | 2,974 | | | 4 | | | — | | | 2,978 | | Total marketable securities, current | 152,772 | | | 91 | | | (37) | | | 152,826 | | Marketable securities, noncurrent: | | | | | | | | U.S. Treasury securities | 59,833 | | | 33 | | | (144) | | | 59,722 | | Government agency securities | 14,086 | | | 4 | | | (31) | | | 14,059 | | Total marketable securities, noncurrent | 73,919 | | | 37 | | | (175) | | | 73,781 | | Total marketable securities | $ | 226,691 | | | $ | 128 | | | $ | (212) | | | $ | 226,607 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized Cost | | Unrealized Gain | | Unrealized Loss | | Fair Value | Marketable securities, current: | | | | | | | | | U.S. Treasury securities | $ | 135,801 | | | $ | 263 | | | $ | — | | | $ | 136,064 | | | Commercial paper | 24,391 | | | 10 | | | (5) | | | 24,396 | | | Corporate debt | 11,813 | | | 3 | | | (1) | | | 11,815 | | | Government agency securities | 5,145 | | | 11 | | | — | | | 5,156 | | Total marketable securities, current | 177,150 | | | 287 | | | (6) | | | 177,431 | | Marketable securities, noncurrent: | | | | | | | | | U.S. Treasury securities | 55,793 | | | 208 | | | — | | | 56,001 | | | Government agency securities | 18,368 | | | 51 | | | — | | | 18,419 | | Total marketable securities, noncurrent | 74,161 | | | 259 | | | — | | | 74,420 | | Total marketable securities | $ | 251,311 | | | $ | 546 | | | $ | (6) | | | $ | 251,851 | |
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