During 2025, we invested a portion of our cash and cash equivalents in short-term investments which primarily consisted of corporate and government bonds with a minimum credit rating of A. We had the ability and intention to hold these investments until maturity and therefore classified these investments as held-to-maturity, which are recorded at amortized cost. Beginning in October 2025, we purchased additional investments in corporate and government bonds with a minimum credit rating of A, which we classified as available-for-sale to provide future liquidity to support our strategic growth initiatives. These available-for-sale investments are recorded at market value. All held-to-maturity investments with a maturity of less than one year and all investments designated as available-for-sale are presented as “Short-term investments,” while held-to-maturity investments with maturities of greater than one year are presented in “Other assets” on our condensed consolidated balance sheets.

During the three months ended June 30, 2026, we sold securities classified as available-for-sale for net proceeds of $31.7 million. The gross realized gain (loss) recognized in “Other income (expense), net” in the condensed consolidated statements of operations at the time of sale was not material.


	June 30, 2026
			Gross Unrealized				Estimated Fair
Corporate and Government Bonds	Amortized Cost		Gains		Losses		Market Value
Available-for-sale	$	22,645	$	—	$	(161)	$	22,484
Held-to-maturity - short-term	17,576		3		(1)		17,578

Total investments	$	40,221	$	3	$	(162)	$	40,062


	September 30, 2025
			Gross Unrealized				Estimated Fair
Corporate and Government Bonds	Amortized Cost		Gains		Losses		Market Value



Held-to-maturity - short-term	$	41,784	$	30	$	(1)	$	41,813
Held-to-maturity - long-term	4,234		9		—		4,243
Total investments	$	46,018	$	39	$	(1)	$	46,056

Investments are exposed to various risks, including interest rate, market and credit risk. As a result, it is possible that changes in the values of these investments may occur and that such changes could affect the amounts reported in the condensed consolidated financial statements.