v3.26.1
Marketable Securities (Tables)
 3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Summary of Amortized Cost and Estimated Fair Value of Marketable Securities

The following table summarizes the amortized cost and estimated fair value of the Company’s U.S. government treasury securities, which are considered to be available-for-sale marketable securities and are included in marketable securities on the condensed consolidated balance sheet as of March 31, 2026 and December 31, 2025 (in thousands):

 

 

 

March 31, 2026

 

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Estimated Fair Value

 

Short-term marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government treasury securities

 

$

62,821

 

 

$

—

 

 

$

(33

)

 

$

62,788

 

Long-term marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government treasury securities

 

$

7,670

 

 

$

—

 

 

$

(16

)

 

$

7,654

 

Total marketable securities

 

$

70,491

 

 

$

—

 

 

$

(49

)

 

$

70,442

 

 

 

 

December 31, 2025

 

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Estimated Fair Value

 

Short-term marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government treasury securities

 

$

19,922

 

 

$

6

 

 

$

—

 

 

$

19,928

 

Total short-term marketable securities

 

$

19,922

 

 

$

6

 

 

$

—

 

 

$

19,928

 

 

 

The Company did not have any long-term marketable securities as of December 31, 2025.