The following provides detail of the Company's marketable securities.


(in thousands)	Amortized Cost		Gross unrealized gain		Gross unrealized loss			Fair Value
March 31, 2026
Marketable securities:
Corporate debt securities	$	27,606	$	—	$	(37	)	$	27,569
U.S. government securities		32,233		—		(4	)		32,229
Total marketable securities	$	59,839	$	—	$	(41	)	$	59,798

December 31, 2025

Marketable securities:
Corporate debt securities	$	31,044	$	—	$	(17	)	$	31,027
U.S. government securities		36,908		23		—			36,931
Total marketable securities	$	67,952	$	23	$	(17	)	$	67,958

The Company’s marketable securities generally have contractual maturity dates of 10 months or less. As of March 31, 2026, the Company had 22 securities with a total fair market value of $52.3 million in an unrealized loss position. The Company believes any unrealized losses associated with the decline in value of its securities is temporary and is primarily related to market factors. Furthermore, the Company believes it is more likely than not that it will be able to hold its marketable securities to maturity. Therefore, the Company anticipates a full recovery of the amortized cost basis of its marketable securities at maturity and an allowance for credit losses was not recognized.