v3.26.1
Marketable securities (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Summary of Marketable securities

Marketable securities as of June 30, 2026 consisted of the following (in thousands):

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Description

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

294,425

 

 

$

5

 

 

$

(669

)

 

$

293,761

 

U.S. Treasury securities

 

 

237,857

 

 

 

5

 

 

 

(623

)

 

 

237,239

 

Total

 

$

532,282

 

 

$

10

 

 

$

(1,292

)

 

$

531,000

 

Marketable securities as of December 31, 2025 consisted of the following (in thousands):

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Description

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

99,543

 

 

$

53

 

 

$

—

 

 

$

99,596

 

U.S. Treasury securities

 

 

147,514

 

 

 

111

 

 

 

—

 

 

 

147,625

 

Total

 

$

247,057

 

 

$

164

 

 

$

—

 

 

$

247,221