| Schedule of Fair Value and Amortized Cost of Cash Equivalents and Available-for-sale Investments by Major Security Type |
The fair value and amortized cost of cash equivalents and available-for-sale investments by major security type are presented in the following table (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Amortized
Cost | | Unrealized
Gain | | Unrealized
Loss | | Estimated
Fair
Value | | Cash equivalents and investments: | | | | | | | | | Money market funds | $ | 244,714 | | | $ | — | | | $ | — | | | $ | 244,714 | | | U.S. treasury bills | 9,887 | | | — | | | (4) | | | 9,883 | | | Corporate debt securities | 131,258 | | | 5 | | | (257) | | | 131,006 | | | U.S. government bonds | 73,414 | | | 1 | | | (142) | | | 73,273 | | | Agency bonds | 16,500 | | | — | | | (69) | | | 16,431 | | | Commercial paper | 17,970 | | | — | | | — | | | 17,970 | | | Total cash equivalents and investments | $ | 493,743 | | | $ | 6 | | | $ | (472) | | | $ | 493,277 | | | Classified as: | | | | | | | | | Cash equivalents | | | | | | | $ | 262,684 | | | Short-term investments | | | | | | | 107,563 | | | Long-term investments | | | | | | | 123,030 | | | Total cash equivalents and investments | | | | | | | $ | 493,277 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized
Cost | | Unrealized
Gain | | Unrealized
Loss | | Estimated
Fair
Value | | Cash equivalents and investments: | | | | | | | | | Money market funds | $ | 254,376 | | | $ | — | | | $ | — | | | $ | 254,376 | | | | | | | | | | | Corporate debt securities | 72,170 | | | 107 | | | — | | | 72,277 | | | U.S. government bonds | 16,984 | | | 32 | | | — | | | 17,016 | | | Commercial paper | 5,455 | | | 1 | | | — | | | 5,456 | | | Total cash equivalents and investments | $ | 348,985 | | | $ | 140 | | | $ | — | | | $ | 349,125 | | | Classified as: | | | | | | | | | Cash equivalents | | | | | | | $ | 254,376 | | | Short-term investments | | | | | | | 86,644 | | | Long-term investments | | | | | | | 8,105 | | | Total cash equivalents and investments | | | | | | | $ | 349,125 | |
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| Schedule of Remaining Contractual Maturities of Available-for-sale Debt Securities |
As of June 30, 2026, the remaining contractual maturities of available-for-sale debt securities were as follows (in thousands): | | | | | | | Estimated Fair Value | | Due within one year | $ | 125,533 | | | One to two years | 123,030 | | | Total | $ | 248,563 | |
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