The amortized costs, unrealized gains and losses, and estimated fair values of the Company’s cash equivalents and marketable securities were as follows (in thousands):


	As of June 30, 2026
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value
Cash equivalents:
Money market funds	$	26,845	$	—	$	—	$	26,845
Corporate bonds	1,247		—		—		1,247

Total cash equivalents	28,092		—		—		28,092
Marketable securities:
Certificates of deposit	1,277		—		—		1,277
Commercial paper	9,643		—		(12)		9,631
Corporate bonds	257,901		202		(445)		257,658
U.S. Treasury securities	14,226		—		(81)		14,145

Asset-backed securities	31,711		30		(30)		31,711
Total marketable securities	314,758		232		(568)		314,422
Total	$	342,850	$	232	$	(568)	$	342,514


	As of December 31, 2025
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value
Cash equivalents:
Money market funds	$	29,023	$	—	$	—	$	29,023


Total cash equivalents	29,023		—		—		29,023
Marketable securities:
Certificates of deposit	905		—		—		905
Commercial paper	1,862		1		—		1,863
Corporate bonds	286,553		1,048		(15)		287,586
U.S. Treasury securities	6,720		36		—		6,756

Asset-backed securities	44,147		172		—		44,319
Total marketable securities	340,187		1,257		(15)		341,429
Total	$	369,210	$	1,257	$	(15)	$	370,452

All marketable securities are designated as available-for-sale securities as of June 30, 2026 and December 31, 2025. No investments had been in an unrealized loss position for greater than 12 months as of June 30, 2026 and December 31, 2025.


	As of June 30, 2026
	Amortized Cost		Estimated Fair Value
Due within one year	$	96,353	$	96,400
Due after one to three years	218,405		218,022
Total	$	314,758	$	314,422


	As of December 31, 2025
	Amortized Cost		Estimated Fair Value
Due within one year	$	113,832	$	114,172
Due after one to three years	226,355		227,257
Total	$	340,187	$	341,429