Cash and cash equivalents mainly consisted of U.S. government and municipal obligations, commercial paper, agency bonds, money market instruments and cash maintained with various financial institutions at June 30, 2026 and March 31, 2026.


	Amortized Cost		Unrealized (Losses)			Fair Value
Type of security:
Commercial paper	$	41,028	$	—		$	41,028
U.S. government and municipal obligations		13,061		(28	)	$	13,033
Agency bonds		8,488		(9	)	$	8,479
Certificates of deposit		7,836		—		$	7,836
Corporate bonds		6,226		(19	)	$	6,207
Total short-term marketable securities		76,639		(56	)		76,583
Agency bonds		33,405		(226	)		33,179
U.S. government and municipal obligations		5,895		(12	)	$	5,883
Total long-term marketable securities		39,300		(238	)		39,062
Total marketable securities	$	115,939	$	(294	)	$	115,645

The following is a summary of marketable securities held by the Company at March 31, 2026, classified as short-term and long-term (in thousands):


	Amortized Cost		Unrealized (Losses)			Fair Value
Type of security:
Commercial paper	$	48,793	$	—		$	48,793
U.S. government and municipal obligations		12,050		(3	)		12,047
Agency bonds		8,413		(2	)		8,411
Corporate bonds		6,169		(10	)		6,159
Certificates of deposit		6,048		—			6,048
Total short-term marketable securities		81,473		(15	)		81,458
Agency bonds		33,254		(101	)		33,153
U.S. government and municipal obligations		4,045		(10	)		4,035
Total long-term marketable securities		37,299		(111	)		37,188
Total marketable securities	$	118,772		(126	)	$	118,646

On August 4, 2025, the Company sold its entire equity investment in Napatech, receiving cash proceeds of $11.8 million. During the three months ended June 30, 2025, the Company recognized a $2.5 million gain, on the Napatech equity investment in other (expense) income, net. For the three months ended June 30, 2025, the unrealized gain related to foreign currency translation on the equity investment in Napatech was $1.0 million.