The following table summarizes the Company’s available-for-sale marketable securities:


	As of June 30, 2026									As of December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value


	(in thousands)									(in thousands)
Corporate bonds	$	10,253	$	—	$	(3	)	$	10,250	$	—	$	—	$	—	$	—
U.S. Treasury securities		44,825		—		(21	)		44,804		—		—		—		—
U.S. Government securities		67,557		—		(17	)		67,540		—		—		—		—
Total	$	122,635	$	—	$	(41	)	$	122,594	$	—	$	—	$	—	$	—

The amortized cost of marketable debt securities is adjusted for amortization of premiums and accretion of discounts to maturity. There were no realized gains or losses recognized on the sale or maturity of marketable securities for the three and six months ended June 30, 2026 and, as a result, the Company did not reclassify any amounts out of accumulated other comprehensive loss for either period. The Company did not hold marketable securities as of December 31, 2025.