v3.26.1
CASH EQUIVALENTS AND MARKETABLE SECURITIES
 6 Months Ended
Jun. 30, 2026
Cash and Cash Equivalents [Abstract]  
CASH EQUIVALENTS AND MARKETABLE SECURITIES CASH EQUIVALENTS AND MARKETABLE SECURITIES
Cash equivalents and marketable securities consisted of the following:
June 30, 2026
Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueCash EquivalentsMarketable Securities
(In thousands)
Money market funds$55,122 $— $— $55,122 $55,122 $— 
Certificates of deposit6,201 — — 6,201 — 6,201 
Commercial paper2,946 — (1)2,945 — 2,945 
Corporate notes and bonds146,564 85 (189)146,460 — 146,460 
U.S. Government agency securities253,288 15 (545)252,758 — 252,758 
Total$464,121 $100 $(735)$463,486 $55,122 $408,364 
December 31, 2025
Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueCash EquivalentsMarketable Securities
(In thousands)
Money market funds$186,677 $— $— $186,677 $186,677 $— 
Certificates of deposit14,506 9 — 14,515 — 14,515 
Commercial paper27,886 9 (2)27,893 14,985 12,908 
Corporate notes and bonds371,895 1,493 (5)373,383 — 373,383 
U.S. Treasuries93,613 26 — 93,639 29,885 63,754 
U.S. Government agency securities572,311 1,669 (4)573,976 — 573,976 
Total$1,266,888 $3,206 $(11)$1,270,083 $231,547 $1,038,536 
The following table summarizes the contractual maturities of the Company’s cash equivalents and marketable securities as of June 30, 2026:
Amortized CostFair Value
(In thousands)
Due within one year$300,595 $300,579 
Due within one to three years163,526 162,907 
Total$464,121 $463,486 
All available-for-sale securities have been classified as current based on management's intent and ability to use the funds in current operations.