| Schedule of Fair Value and Amortized Cost |
The fair value and amortized cost of cash equivalents and available-for-sale securities by major security type as of March 31, 2026 and as of December 31, 2025 are presented in the following tables:
| | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | Amortized Cost | | Unrealized Gains | | Unrealized Losses | | Fair Value | | (In thousands) | | Money market funds | $ | 25,055 | | | $ | — | | | $ | — | | | $ | 25,055 | | | Commercial paper | 86,915 | | | 2 | | | (178) | | | 86,739 | | | Corporate bonds | 69,145 | | | 10 | | | (55) | | | 69,100 | | | U.S. treasury securities | 61,791 | | | 52 | | | (9) | | | 61,834 | | | U.S. agency securities | 18,909 | | | 2 | | | (7) | | | 18,904 | | | | | | | | | | | Total cash equivalents and investments | $ | 261,815 | | | $ | 66 | | | $ | (249) | | | $ | 261,632 | | | | | | | | | | | Classified as: | | | | | | | | | Cash equivalents | | | | | | | $ | 25,055 | | | Short-term investments | | | | | | | 236,577 | | | Long-term investments | | | | | | | — | | | Total cash equivalents and investments | | | | | | | $ | 261,632 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized Cost | | Unrealized Gains | | Unrealized Losses | | Fair Value | | (In thousands) | | Money market funds | $ | 48,576 | | | $ | — | | | $ | — | | | $ | 48,576 | | | Commercial paper | 42,696 | | | 18 | | | (10) | | | 42,704 | | | Corporate bonds | 53,636 | | | 69 | | | — | | | 53,705 | | | U.S. treasury securities | 75,990 | | | 167 | | | — | | | 76,157 | | | U.S. agency securities | 33,974 | | | 25 | | | — | | | 33,999 | | | | | | | | | | | Total cash equivalents and investments | $ | 254,872 | | | $ | 279 | | | $ | (10) | | | $ | 255,141 | | | | | | | | | | | Classified as: | | | | | | | | | Cash equivalents | | | | | | | $ | 48,576 | | | Short-term investments | | | | | | | 198,522 | | | Long-term investments | | | | | | | 8,043 | | | Total cash equivalents and investments | | | | | | | $ | 255,141 | |
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