| Short-Term Investments and Cash Equivalents |
4. Short-Term Investments and Cash Equivalents The following table summarizes the Company's short-term investments (in thousands):
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As of June 30, 2026 |
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Maturity
(In Years) |
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Amortized
Cost |
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Unrealized
Gains |
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Unrealized
Losses |
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Fair Value |
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Money market funds |
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$ |
84,984 |
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|
$ |
— |
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$ |
— |
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$ |
84,984 |
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U.S. government treasury bills |
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Less than 1 |
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46,143 |
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— |
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(32 |
) |
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46,111 |
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Commercial paper |
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Less than 1 |
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16,964 |
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5 |
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(6 |
) |
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16,963 |
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Corporate bonds |
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Less than 1 |
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32,770 |
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3 |
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(28 |
) |
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32,745 |
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Corporate bonds |
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More than 1 less than 2 |
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8,934 |
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— |
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(5 |
) |
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8,929 |
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Total |
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$ |
189,795 |
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$ |
8 |
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$ |
(71 |
) |
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$ |
189,732 |
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As of December 31, 2025 |
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Maturity
(In Years) |
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Amortized
Cost |
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|
Unrealized
Gains |
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Unrealized
Losses |
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|
Fair Value |
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Money market funds |
|
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|
$ |
37,318 |
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|
$ |
— |
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|
$ |
— |
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$ |
37,318 |
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U.S. government treasury bills |
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Less than 1 |
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|
43,857 |
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24 |
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— |
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43,881 |
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Commercial paper |
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Less than 1 |
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16,239 |
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23 |
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— |
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16,262 |
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Corporate bonds |
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Less than 1 |
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|
44,907 |
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66 |
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44,973 |
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Corporate bonds |
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More than 1 less than 2 |
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|
3,006 |
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7 |
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— |
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|
3,013 |
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Total |
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$ |
145,327 |
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$ |
120 |
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$ |
— |
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$ |
145,447 |
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As of June 30, 2026, the available-for-sale debt securities are of high credit quality, and there were no realized losses recognized as of June 30, 2026 and December 31, 2025. No allowance for credit losses was recognized as of June 30, 2026 or December 31, 2025.
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