v3.26.1
Marketable Securities
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Marketable securities

4. Marketable securities

The following table summarizes the Company’s marketable securities as of June 30, 2026 (in thousands):

 

 

 

As of June 30, 2026

 

 

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

60,545

 

 

$

14

 

 

$

(78

)

 

$

60,481

 

Commercial paper

 

 

22,773

 

 

 

 

 

 

(14

)

 

 

22,759

 

US Government and US Government agency debt securities

 

 

173,474

 

 

 

20

 

 

 

(485

)

 

 

173,009

 

Total

 

$

256,792

 

 

$

34

 

 

$

(577

)

 

$

256,249

 

 

 

The following table summarizes the Company’s marketable securities as of December 31, 2025 (in thousands):

 

 

 

As of December 31, 2025

 

 

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

84,568

 

 

$

183

 

 

$

(1

)

 

$

84,750

 

Commercial paper

 

 

23,959

 

 

 

7

 

 

 

(5

)

 

 

23,961

 

US Government and US Government agency debt securities

 

 

197,638

 

 

 

365

 

 

 

(4

)

 

 

197,999

 

Total

 

$

306,165

 

 

$

555

 

 

$

(10

)

 

$

306,710

 

As of June 30, 2026, the weighted average maturity of the Company’s short term marketable securities is 0.52 years and the weighted average maturity of the Company's long term marketable securities is 1.3 years.

The Company did not record an allowance for credit losses as of June 30, 2026 related to its marketable securities. Further, given the lack of significant change in the credit risk of these investments, the Company did not recognize any other-than-temporary impairment losses.