| Summary of financial instruments measured at fair value on a non-recurring basis |
The following table summarizes the Company’s financial instruments that were measured at fair value on a non-recurring basis as of March 31, 2026: | | | | | | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | | | Amortized | | unrecognized | | unrecognized | | Aggregate | Description | | Classification | | cost | | holding gains | | holding losses | | fair value | Money market funds and cash equivalents | | Cash equivalents | | $ | 11,507 | | $ | — | | $ | — | | $ | 11,507 | Commercial paper | | Short-term investments | | | 29,412 | | | — | | | (50) | | | 29,362 | U.S. Treasury securities and government agency bonds | | Short-term investments | | | 38,879 | | | 59 | | | (1) | | | 38,937 | Corporate debt | | Short-term investments | | | 24,006 | | | 5 | | | (16) | | | 23,995 | Corporate debt | | Long-term investments | | | 6,570 | | | — | | | (30) | | | 6,540 | U.S. Treasury securities and government agency bonds | | Long-term investments | | | 34,241 | | | 9 | | | (107) | | | 34,143 | Total cash equivalents, short-term investments and long-term investments | | | | $ | 144,615 | | $ | 73 | | $ | (204) | | $ | 144,484 |
The following table summarizes the Company’s financial instruments that were measured at fair value on a non-recurring basis as of December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | | | Amortized | | unrecognized | | unrecognized | | Aggregate | Description | | Classification | | cost | | holding gains | | holding losses | | fair value | Money market funds and cash equivalents | | Cash equivalents | | $ | 17,239 | | $ | — | | $ | — | | $ | 17,239 | Commercial paper | | Short-term investments | | | 22,077 | | | 7 | | | (4) | | | 22,080 | U.S. Treasury securities and government agency bonds | | Short‑term investments | | | 42,004 | | | 106 | | | — | | | 42,110 | Corporate debt | | Short‑term investments | | | 18,898 | | | 14 | | | (2) | | | 18,910 | Corporate debt | | Long-term investments | | | 39,558 | | | 125 | | | — | | | 39,683 | U.S. Treasury securities and government agency bonds | | Long-term investments | | | 13,012 | | | 33 | | | — | | | 13,045 | Total cash equivalents, short-term investments and long-term investments | | | | $ | 152,788 | | $ | 285 | | $ | (6) | | $ | 153,067 |
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