| Cash, Cash Equivalent, and Investment |
The following tables summarize the amortized cost and fair value of the Company’s cash equivalents and marketable securities by major category for the periods presented (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | Amortized Cost | | Gross Unrealized Gain | | Gross Unrealized Loss | | Estimated Fair Value | | Cash equivalents: | | | | | | | | | Money market funds | $ | 60,687 | | | $ | — | | | $ | — | | | $ | 60,687 | | | Total cash equivalents | $ | 60,687 | | | $ | — | | | $ | — | | | $ | 60,687 | | | Marketable securities: | | | | | | | | | U.S. Treasury securities | $ | 25,244 | | | $ | — | | | $ | (2) | | | $ | 25,242 | | | Total marketable securities | $ | 25,244 | | | $ | — | | | $ | (2) | | | $ | 25,242 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized Cost | | Gross Unrealized Gain | | Gross Unrealized Loss | | Estimated Fair Value | | Cash equivalents: | | | | | | | | | Money market funds | $ | 33,320 | | | $ | — | | | $ | — | | | $ | 33,320 | | | Total cash equivalents | $ | 33,320 | | | $ | — | | | $ | — | | | $ | 33,320 | | | Marketable securities: | | | | | | | | | U.S. Treasury securities | $ | 69,886 | | | $ | 22 | | | $ | — | | | $ | 69,908 | | | Total marketable securities | $ | 69,886 | | | $ | 22 | | | $ | — | | | $ | 69,908 | |
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The following tables summarize the amortized cost and fair value of the Company’s cash equivalents and marketable securities by major category for the periods presented (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized Cost | | Gross Unrealized Gain | | Gross Unrealized Loss | | Estimated Fair Value | | Cash equivalents: | | | | | | | | | Money market funds | $ | 33,320 | | | $ | — | | | $ | — | | | $ | 33,320 | | | Total cash equivalents | $ | 33,320 | | | $ | — | | | $ | — | | | $ | 33,320 | | | Marketable securities: | | | | | | | | | U.S. Treasury securities | $ | 69,886 | | | $ | 22 | | | $ | — | | | $ | 69,908 | | | Total marketable securities | $ | 69,886 | | | $ | 22 | | | $ | — | | | $ | 69,908 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Amortized Cost | | Gross Unrealized Gain | | Gross Unrealized Loss | | Estimated Fair Value | | Cash equivalents: | | | | | | | | | Money market funds | $ | 9,439 | | | $ | — | | | $ | — | | | $ | 9,439 | | | Total cash equivalents | $ | 9,439 | | | $ | — | | | $ | — | | | $ | 9,439 | |
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