v3.26.1
Marketable Securities (Tables)
 6 Months Ended
Jun. 30, 2026
Marketable Securities [Abstract]  
Schedule of Amortized Costs And Estimated Fair Values Of Debt Securities

The following tables summarize the amortized cost, gross unrealized gains and losses, and estimated fair value of debt securities as of June 30, 2026 and December 31, 2025 (in thousands):

 

 

Cost or
Amortized

 

 

Gross
Unrealized

 

 

Allowance
for Credit

 

 

Estimated
Fair

 

June 30, 2026

 

Cost

 

 

Gains

 

 

Losses

 

 

Loss

 

 

Value

 

U.S. government bonds

 

$

40,991

 

 

$

—

 

 

$

(19

)

 

$

—

 

 

$

40,972

 

Corporate debt securities

 

 

71,073

 

 

 

27

 

 

 

(213

)

 

 

—

 

 

 

70,887

 

Agency bonds

 

 

29,066

 

 

 

—

 

 

 

(228

)

 

 

 

 

 

28,838

 

Total investments

 

$

141,130

 

 

$

27

 

 

$

(460

)

 

$

—

 

 

$

140,697

 

 

 

Cost or
Amortized

 

 

Gross
Unrealized

 

 

Allowance
for Credit

 

 

Estimated
Fair

 

December 31, 2025

 

Cost

 

 

Gains

 

 

Losses

 

 

Loss

 

 

Value

 

U.S. government bonds

 

$

9,230

 

 

$

4

 

 

$

—

 

 

$

—

 

 

$

9,234

 

Corporate debt securities

 

 

44,994

 

 

 

180

 

 

 

(1

)

 

 

—

 

 

 

45,173

 

Agency bonds

 

 

11,935

 

 

 

4

 

 

 

(2

)

 

 

—

 

 

 

11,937

 

Total investments

 

$

66,159

 

 

$

188

 

 

$

(3

)

 

$

—

 

 

$

66,344

 
Schedule of Gross Unrealized Losses And Estimated Fair Value on Investments

The gross unrealized losses and estimated fair values on investments aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position were as follows (in thousands):

 

 

12 months or greater

 

 

Less than 12 months

 

June 30, 2026

 

Unrealized
Losses

 

 

Estimated
Fair Value

 

 

Unrealized
Losses

 

 

Estimated
Fair Value

 

U.S. government bonds

 

$

—

 

 

$

—

 

 

$

(19

)

 

$

40,972

 

Corporate debt securities

 

 

—

 

 

 

—

 

 

 

(213

)

 

 

58,923

 

Agency bonds

 

 

—

 

 

 

—

 

 

 

(228

)

 

 

28,838

 

Total investments

 

$

—

 

 

$

—

 

 

$

(460

)

 

$

128,733

 

 

 

12 months or greater

 

 

Less than 12 months

 

December 31, 2025

 

Unrealized
Losses

 

 

Estimated
Fair Value

 

 

Unrealized
Losses

 

 

Estimated
Fair Value

 

Corporate debt securities

 

$

—

 

 

$

—

 

 

$

(1

)

 

$

4,597

 

Agency bonds

 

 

—

 

 

 

—

 

 

 

(2

)

 

 

7,060

 

Total investments

 

$

—

 

 

$

—

 

 

$

(3

)

 

$

11,657

 
Schedule of Debt Securities by Contractual Maturity

The estimated fair value of debt securities as of June 30, 2026 and December 31, 2025, by contractual maturity, were as follows (in thousands):

 

June 30, 2026

 

Amortized
Cost

 

 

Estimated
Fair Value

 

Due in one year or less

 

$

56,194

 

 

$

56,161

 

Due after one year through five years

 

 

84,936

 

 

 

84,536

 

Total investments

 

$

141,130

 

 

$

140,697

 

 

December 31, 2025

 

Amortized
Cost

 

 

Estimated
Fair Value

 

Due in one year or less

 

$

34,849

 

 

$

34,876

 

Due after one year through five years

 

 

31,310

 

 

 

31,468

 

Total investments

 

$

66,159

 

 

$

66,344