v3.26.1
Investments and Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Components of Investments The components of our cash, cash equivalents, and investments as of June 30, 2026 are as follows (in thousands):
As of June 30, 2026
Fair Value MeasurementBalance Sheet Classification
Fair Value LevelCost Basis
Unrealized Losses
Fair Value
Cash and Cash Equivalents
Short-Term Investments and Marketable Securities
Cash
Level 1$110,660 $— $110,660 $110,660 $— 
Money market fundLevel 110,451 — 10,451 10,451 — 
U.S. Treasury bondsLevel 228,418 (57)28,361 — 28,361 
Commercial paper
Level 24,250 (3)4,247 — 4,247 
Corporate bonds
Level 214,175 (28)14,147 — 14,147 
Total investments$167,954 $(88)$167,866 $121,111 $46,755 

At December 31, 2025, our investments consisted of the following (in thousands):

As of December 31, 2025
Fair Value MeasurementBalance Sheet Classification
Fair Value LevelCost Basis
Unrealized Gains
Fair Value
Cash and Cash Equivalents
Short-Term Investments and Marketable Securities
Cash
Level 1$118,297 $— $118,297 $118,297 $— 
Money market fundLevel 117,513 — 17,513 17,513 — 
U.S. Treasury bondsLevel 226,627 22 26,649 — 26,649 
Commercial paperLevel 26,147 4 6,151 — 6,151 
Corporate bondsLevel 218,599 16 18,615 — 18,615 
Total investments$187,183 $42 $187,225 $135,810 $51,415