| Summary of Available-for-Sale Securities and Gross Unrealized Losses |
The following tables summarize the Company’s marketable securities (see below and Note 2) accounted for as available-for-sale securities (in thousands, except years):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
Maturity
(in years) |
Amortized cost |
|
Unrealized gains |
|
Unrealized losses |
|
Estimated fair value |
|
U.S. Treasury securities |
Less than one |
$ |
177,762 |
|
$ |
17 |
|
$ |
(212 |
) |
$ |
177,567 |
|
U.S. government agency securities |
Less than one |
|
20,684 |
|
|
1 |
|
|
(7 |
) |
|
20,678 |
|
U.S. Treasury securities |
1-3 |
|
82,243 |
|
|
— |
|
|
(379 |
) |
|
81,864 |
|
Total |
|
$ |
280,689 |
|
$ |
18 |
|
$ |
(598 |
) |
$ |
280,109 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
Maturity
(in years) |
Amortized cost |
|
Unrealized gains |
|
Unrealized losses |
|
Estimated fair value |
|
U.S. Treasury securities |
Less than one |
$ |
107,324 |
|
$ |
223 |
|
$ |
— |
|
$ |
107,547 |
|
U.S. government agency securities |
Less than one |
|
45,215 |
|
|
137 |
|
|
— |
|
|
45,352 |
|
U.S. Treasury securities |
1-3 |
|
25,684 |
|
|
33 |
|
|
— |
|
|
25,717 |
|
Total |
|
$ |
178,223 |
|
$ |
393 |
|
$ |
— |
|
$ |
178,616 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
Less than 12 months |
|
|
12 months or longer |
|
|
Total |
|
|
Fair value |
|
|
Unrealized losses |
|
|
Fair value |
|
|
Unrealized losses |
|
|
Fair value |
|
|
Unrealized losses |
|
U.S. Treasury securities |
$ |
227,883 |
|
|
$ |
(591 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
227,883 |
|
|
$ |
(591 |
) |
U.S. government agency securities |
|
13,177 |
|
|
|
(7 |
) |
|
|
— |
|
|
|
— |
|
|
|
13,177 |
|
|
|
(7 |
) |
Total |
$ |
241,060 |
|
|
$ |
(598 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
241,060 |
|
|
$ |
(598 |
) |
|