| Schedule of Cash, Cash Equivalents and Marketable Securities |
As of June 30, 2026 and December 31, 2025, cash equivalents and marketable securities and the fair value hierarchy level consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Fair Value Hierarchy Level | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Total Fair Value | | Assets: | | | | | | | | | | | Cash equivalents: | | | | | | | | | | | Money market funds | Level 1 | | $ | 228,841 | | | $ | — | | | $ | — | | | $ | 228,841 | | | Commercial paper | Level 2 | | 15,104 | | | — | | | (2) | | | 15,102 | | | Total cash equivalents | | | 243,945 | | | — | | | (2) | | | 243,943 | | | Marketable securities: | | | | | | | | | | | Commercial paper | Level 2 | | 65,719 | | | 1 | | | (16) | | | 65,704 | | | U.S. treasury securities | Level 1 | | 8,054 | | | — | | | — | | | 8,054 | | | Agency bonds | Level 2 | | 25,298 | | | — | | | (52) | | | 25,246 | | | Corporate bonds | Level 2 | | 4,166 | | | — | | | (3) | | | 4,163 | | | Total short-term marketable securities | | | 103,237 | | | 1 | | | (71) | | | 103,167 | | | Agency bonds | Level 2 | | 75,187 | | | — | | | (235) | | | 74,952 | | | Corporate bonds | Level 2 | | 9,847 | | | — | | | (57) | | | 9,790 | | | Total long-term marketable securities | | | 85,034 | | | — | | | (292) | | | 84,742 | | | Total assets | | | $ | 432,216 | | | $ | 1 | | | $ | (365) | | | $ | 431,852 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Fair Value Hierarchy Level | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Total Fair Value | | Assets: | | | | | | | | | | | Cash equivalents: | | | | | | | | | | | Money market funds | Level 1 | | $ | 167,569 | | | $ | — | | | $ | — | | | $ | 167,569 | | | Total cash equivalents | | | 167,569 | | | — | | | — | | | 167,569 | | | Marketable securities: | | | | | | | | | | | Commercial paper | Level 2 | | 105,824 | | | 56 | | | — | | | 105,880 | | | U.S. treasury securities | Level 1 | | 30,882 | | | 11 | | | — | | | 30,893 | | | Agency bonds | Level 2 | | 14,999 | | | — | | | (14) | | | 14,985 | | | Corporate bonds | Level 2 | | 4,108 | | | 1 | | | — | | | 4,109 | | | Total short-term marketable securities | | | 155,813 | | | 68 | | | (14) | | | 155,867 | | | Agency bonds | Level 2 | | 103,380 | | | 19 | | | (100) | | | 103,299 | | | Corporate bonds | Level 2 | | 9,866 | | | 7 | | | — | | | 9,873 | | | Total long-term marketable securities | | | 113,246 | | | 26 | | | (100) | | | 113,172 | | | Total assets | | | $ | 436,628 | | | $ | 94 | | | $ | (114) | | | $ | 436,608 | |
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| Debt Securities, Available-for-Sale |
As of June 30, 2026 and December 31, 2025 the contractual maturities of the marketable securities were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Amortized Cost | | Total Fair Value | | Amortized Cost | | Total Fair Value | | Less than one year | $ | 103,237 | | | $ | 103,167 | | | $ | 155,813 | | | $ | 155,867 | | | Due in 1-5 years | 85,034 | | | 84,742 | | | 113,246 | | | 113,172 | | | Total | $ | 188,271 | | | $ | 187,909 | | | $ | 269,059 | | | $ | 269,039 | |
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| Schedule of Interest Income Earned from Cash and Cash Equivalents and Marketable Securities Included in Other Income |
For the three and six months ended June 30, 2026 and 2025 interest income earned from cash and cash equivalents and marketable securities included in other income, net in the unaudited condensed consolidated statements of operations and comprehensive income (loss), was composed of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Cash and cash equivalents | | $ | 2,996 | | | $ | 2,641 | | | $ | 5,635 | | | $ | 5,519 | | | Marketable securities | | 879 | | | 1,922 | | | 2,190 | | | 3,909 | | | Total | | $ | 3,875 | | | $ | 4,563 | | | $ | 7,825 | | | $ | 9,428 | |
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