The following table summarizes the Company’s marketable investments (in thousands):


	As of June 30, 2026
			Gross		Gross
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Corporate obligations	$	18,511	$	10	$	(45	)	$	18,476
Money market funds		52,841		—		—			52,841
Total	$	71,352	$	10	$	(45	)	$	71,317


	As of December 31, 2025
			Gross		Gross
	Amortized		Unrealized		Unrealized		Market
	Cost		Gains		Losses		Value
Corporate obligations	$	16,641	$	81	$	—	$	16,722
Money market funds		47,599		—		—		47,599
Total	$	64,240	$	81	$	—	$	64,321

Realized gains and losses on investments are included in earnings and are determined using the specific identification method. Sales of marketable investments during 2026 and 2025 primarily represent redemptions from non-U.S. based money market funds, and realized gains or losses on sales of marketable investments were immaterial during the three and six months ended June 30, 2026 and 2025.

The following table summarizes the maturity periods of the marketable investments in the Company’s portfolio as of June 30, 2026 (in thousands).


	FY 2026		FY 2027		FY 2028		FY 2029		Total
Corporate obligations	$	3,688	$	5,798	$	6,933	$	2,057	$	18,476
Money market funds		52,841		—		—		—		52,841
Total	$	56,529	$	5,798	$	6,933	$	2,057	$	71,317

The following table shows the gross unrealized losses and market value of the Company’s available-for-sale securities with unrealized losses that are not deemed to be other-than-temporary, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position (in thousands):


	As of June 30, 2026
	Less Than 12 Months				12 Months or Greater
	Market		Unrealized		Market		Unrealized
	Value		Losses		Value		Losses
Corporate obligations	$	12,052	$	45	$	—	$	—
Total	$	12,052	$	45	$	—	$	—