v3.26.1
MARKETABLE SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-Sale Marketable Securities
The following tables summarize the amortized cost, gross unrealized gains and losses, and fair value of the Company’s available for sale (“AFS”) securities aggregated by investment category:
June 30, 2026
Cost or Amortized CostUnrealized GainsUnrealized LossesTotal Estimated Fair Value
Marketable securities:
U.S. government securities$508,596 $66 $(395)508,267 
U.S. agency securities19,185 — (72)19,113 
Total marketable securities $527,781 $66 $(467)$527,380 
December 31, 2025
Cost or Amortized CostUnrealized GainsUnrealized LossesTotal Estimated Fair Value
Marketable securities:
U.S. government securities$562,463 $1,131 $— $563,594 
U.S. agency securities24,218 16 — 24,234 
Total marketable securities $586,681 $1,147 $— $587,828 
Schedule of Unrealized Loss on Investments
The gross unrealized losses and fair values for those investments that were in an unrealized loss position as of June 30, 2026, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows:
As of June 30, 2026
Less than 12 monthsGreater than 12 monthsTotal
Fair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized Losses
Marketable securities:
U.S. government securities$316,253 $(395)$— $— $316,253 $(395)
U.S. agency securities19,113 (72)— — 19,113 (72)
Total$335,366 $(467)$— $— $335,366 $(467)
Schedule of Contractual Maturity
The following table summarizes the Company’s marketable securities by contractual maturity:
As of June 30, 2026
Amortized CostFair Value
Within one year$408,512 $408,320 
After one year to five years119,269 119,060 
Total
$527,781 $527,380