| Schedule of Cash, Cash Equivalents and Short-term Investments |
The fair value of cash and cash equivalents, restricted cash and investments held are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of June 30, 2026 | | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | | | (in thousands) | | Cash and cash equivalents | | $ | 40,925 | | | $ | — | | | $ | (1) | | | $ | 40,924 | | | | | | | | | | | | | | | | | | | | | Securities maturing within one year: | | | | | | | | | | U.S. treasury securities | | 116,967 | | | — | | | (142) | | | 116,825 | | | Corporate debt securities | | 32,922 | | | — | | | (61) | | | 32,861 | | | Total short-term investments | | $ | 149,889 | | | $ | — | | | $ | (203) | | | $ | 149,686 | | | Total cash and cash equivalents and short-term investments | | $ | 190,814 | | | $ | — | | | $ | (204) | | | $ | 190,610 | | | | | | | | | | | | | As of December 31, 2025 | | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | | | | | (in thousands) | | | | Cash and cash equivalents | | $ | 34,326 | | | $ | — | | | $ | — | | | $ | 34,326 | | | Restricted cash | | 29,000 | | | — | | | — | | | 29,000 | | | Total cash and cash equivalents and restricted cash | | $ | 63,326 | | | $ | — | | | $ | — | | | $ | 63,326 | | | Securities maturing within one year: | | | | | | | | | | U.S. treasury securities | | 39,004 | | | 22 | | | — | | | 39,026 | | | Corporate debt securities | | 22,871 | | | 8 | | | (1) | | | 22,878 | | | Total short-term investments | | $ | 61,875 | | | $ | 30 | | | $ | (1) | | | $ | 61,904 | | | Total cash and cash equivalents, restricted cash and short-term investments | | $ | 125,201 | | | $ | 30 | | | $ | (1) | | | $ | 125,230 | |
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