v3.26.1
Investments (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of available-for-sale investments

The Company's available-for-sale investments consisted of the following (in thousands):

 

 

As of June 30, 2026

 

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Losses

 

 

Estimated Fair Value

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. agency bonds

 

 

428,934

 

 

 

9

 

 

 

(331

)

 

 

428,612

 

Total

 

$

428,934

 

 

$

9

 

 

$

(331

)

 

$

428,612

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2025

 

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Losses

 

 

Estimated Fair Value

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. agency bonds

 

 

153,426

 

 

 

330

 

 

 

—

 

 

 

153,756

 

Total

 

$

153,426

 

 

$

330

 

 

$

—

 

 

$

153,756

 
Schedule of Maturities of Company's Investment

The following table summarizes the maturities of the Company's investments at June 30, 2026:

 

(in thousands)

 

Amortized Cost

 

 

Estimated Fair Value

 

Due in one year or less

 

$

358,157

 

 

$

358,010

 

Due in one to two years

 

 

70,777

 

 

 

70,602

 

Total

 

$

428,934

 

 

$

428,612