v3.26.1
Short-Term Investments (Tables)
 3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Summary of Short-term Investments Classified as Available-for-sale Securities

The following is a summary of short-term investments, which were classified as available-for-sale securities as of March 31, 2026 and December 31, 2025 (in thousands):

 

 

March 31, 2026

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

52,609

 

 

$

2

 

 

$

(37

)

 

$

52,574

 

U.S. government securities

 

 

52,399

 

 

 

—

 

 

 

(36

)

 

 

52,363

 

Total short-term investments

 

$

105,008

 

 

$

2

 

 

$

(73

)

 

$

104,937

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

U.S. treasuries

 

$

59,839

 

 

$

27

 

 

$

(5

)

 

$

59,861

 

U.S. government securities

 

 

50,667

 

 

 

9

 

 

 

(9

)

 

 

50,667

 

Total short-term investments

 

$

110,506

 

 

$

36

 

 

$

(14

)

 

$

110,528