The following table summarizes our cash equivalents and marketable securities measured at fair value and by level on a recurring basis as of June 30, 2026:


(In thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents	$	30,098	$	8,643	$	—	$	38,741
Total cash equivalents	30,098		8,643		—		38,741

Marketable securities:

U.S. Treasuries	—		251,421		—		251,421
Government securities	—		145,777		—		145,777
Corporate debt securities	—		467,985		—		467,985
Total marketable securities	—		865,183		—		865,183
Total cash equivalents and marketable securities	$	30,098	$	873,826	$	—	$	903,924