| Summary of Marketable Securities Held |
The following table summarizes the Company’s marketable securities held at June 30, 2026 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
Commercial paper |
|
$ |
301,061 |
|
|
$ |
7 |
|
|
$ |
(447 |
) |
|
$ |
300,621 |
|
Corporate notes |
|
|
120,007 |
|
|
|
1 |
|
|
|
(123 |
) |
|
|
119,885 |
|
U.S. Treasury securities |
|
|
469,656 |
|
|
|
53 |
|
|
|
(1,547 |
) |
|
|
468,162 |
|
U.S. Government securities |
|
|
38,632 |
|
|
|
— |
|
|
|
(133 |
) |
|
|
38,499 |
|
Corporate equity securities |
|
|
5,935 |
|
|
|
— |
|
|
|
— |
|
|
|
5,935 |
|
Total |
|
$ |
935,291 |
|
|
$ |
61 |
|
|
$ |
(2,250 |
) |
|
$ |
933,102 |
|
The following table summarizes the Company’s marketable securities held at December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
Commercial paper |
|
$ |
304,861 |
|
|
$ |
162 |
|
|
$ |
(64 |
) |
|
$ |
304,959 |
|
Corporate notes |
|
|
149,928 |
|
|
|
128 |
|
|
|
(10 |
) |
|
|
150,046 |
|
U.S. Treasury securities |
|
|
462,112 |
|
|
|
872 |
|
|
|
— |
|
|
|
462,984 |
|
U.S. Government securities |
|
|
26,673 |
|
|
|
23 |
|
|
|
— |
|
|
|
26,696 |
|
Corporate equity securities |
|
|
5,581 |
|
|
|
— |
|
|
|
— |
|
|
|
5,581 |
|
Total |
|
$ |
949,155 |
|
|
$ |
1,185 |
|
|
$ |
(74 |
) |
|
$ |
950,266 |
|
|