The following tables summarize the amortized cost and estimated fair value of the Company’s current and noncurrent marketable securities (in thousands):


	June 30, 2026
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Marketable securities, current:
U.S. Treasury securities	$	96,171	$	11	$	(74)	$	96,108
Commercial paper	26,699		—		(17)		26,682
Corporate debt	19,565		—		(23)		19,542
Government agency securities	5,385		—		(8)		5,377
Total marketable securities, current	147,820		11		(122)		147,709
Marketable securities, noncurrent:
U.S. Treasury securities	41,895		—		(258)		41,637
Government agency securities	14,680		—		(78)		14,602
Corporate debt	984		—		(1)		983
Total marketable securities, noncurrent	57,559		—		(337)		57,222
Total marketable securities	$	205,379	$	11	$	(459)	$	204,931


	December 31, 2025
	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Marketable securities, current:
U.S. Treasury securities	$	135,801	$	263	$	—	$	136,064
Commercial paper	24,391		10		(5)		24,396
Corporate debt	11,813		3		(1)		11,815
Government agency securities	5,145		11		—		5,156
Total marketable securities, current	177,150		287		(6)		177,431
Marketable securities, noncurrent:
U.S. Treasury securities	55,793		208		—		56,001
Government agency securities	18,368		51		—		18,419
Total marketable securities, noncurrent	74,161		259		—		74,420
Total marketable securities	$	251,311	$	546	$	(6)	$	251,851

The Company has determined that there were no material changes in the credit risk, therefore the Company has not recognized any allowance for credit losses on its debt securities. As of June 30, 2026, the Company holds marketable securities with an aggregate fair value of $57.2 million that had remaining maturities between one and two years. All other securities had a contractual maturity of less than a year. There were no realized gains or losses during the three and six months ended June 30, 2026, or 2025.