v3.26.1
Investments (Tables)
 6 Months Ended
Jun. 30, 2026
Investments [Abstract]  
Schedule of Investments in Available-for-Sale Securities
The following tables summarize the Company’s investments in available-for-sale securities by significant investment category reported as short-term as of June 30, 2026 (in thousands):
June 30, 2026
Marketable securities:Amortized CostGross Unrealized Gains
Gross Unrealized Loss
Estimated Fair Value
U.S. Treasury$144,827 $2 $(188)$144,640 
Corporate bonds17,862 — (18)17,845
Commercial paper25,673 — — 25,673 
Total available-for-sale investments$188,362 $2 $(206)$188,158 
The following tables summarize the Company’s investments in available-for-sale securities by significant investment category reported as short-term as of December 31, 2025 (in thousands):
December 31, 2025
Marketable securities:Amortized CostGross Unrealized Gains
Gross Unrealized Loss
Estimated Fair Value
U.S. Treasury$132,975 $122 $— $133,097 
Corporate bonds23,164 18 — 23,182 
Commercial paper14,397 — — 14,397 
Total available-for-sale investments$170,536 $140 $— $170,676 
Schedule of the Contractual Maturities of Available-for-Sale Securities
The following table summarizes the contractual maturities of the Company’s available-for-sale securities at June 30, 2026 (in thousands):
June 30, 2026
Amortized CostFair Value
Mature in less than one year$188,362 $188,158 
Total$188,362 $188,158 
The following table summarizes the contractual maturities of the Company’s available-for-sale securities at December 31, 2025 (in thousands):
December 31, 2025
Amortized CostFair Value
Mature in less than one year$170,536 $170,676 
Total$170,536 $170,676 
As of June 30, 2026, future payments under these contractual obligations were as follows (in thousands):
Remainder of 2026$629 
20271,473
2028109
Thereafter11
Total Purchase Obligations$2,222