v3.26.1
Cash, Cash Equivalents and Short-Term Investments (Tables)
6 Months Ended
Jun. 30, 2026
Cash and Cash Equivalents [Abstract]  
Summary of company's cash and cash equivalents, short-term investments and long-term investments

The following table summarizes the Company’s cash, cash equivalents and short-term investments (in thousands):

 

 

AS OF JUNE 30, 2026

 

 

CLASSIFICATION

 

MATURITY

 

AMORTIZED
COST

 

 

GROSS
UNREALIZED
GAINS

 

 

GROSS
UNREALIZED
LOSSES

 

 

FAIR
MARKET
VALUE

 

Cash and money market funds

 

Cash and cash equivalents

 

Less than three months

 

$

301,454

 

 

$

 

 

$

 

 

$

301,454

 

Commercial paper

 

Short-term investments

 

1 year or less

 

 

12,357

 

 

 

 

 

 

(11

)

 

 

12,346

 

Government and government agency bonds

 

Short-term investments

 

1 year or less

 

 

16,331

 

 

 

5

 

 

 

(1

)

 

 

16,335

 

Corporate debt obligations

 

Short-term investments

 

1 year or less

 

 

18,264

 

 

 

 

 

 

(8

)

 

 

18,256

 

Corporate debt obligations

 

Short-term investments

 

Greater than 1 year

 

 

1,009

 

 

 

 

 

 

(6

)

 

 

1,003

 

Total cash, cash equivalents and short-term investments

 

 

 

 

 

$

349,415

 

 

$

5

 

 

$

(26

)

 

$

349,394

 

 

 

AS OF DECEMBER 31, 2025

 

 

CLASSIFICATION

 

MATURITY

 

AMORTIZED
COST

 

 

GROSS
UNREALIZED
GAINS

 

 

GROSS
UNREALIZED
LOSSES

 

 

FAIR
MARKET
VALUE

 

Cash and money market funds

 

Cash and cash equivalents

 

Less than three months

 

$

26,701

 

 

$

 

 

$

 

 

$

26,701

 

Commercial paper

 

Short-term investments

 

1 year or less

 

 

15,916

 

 

 

5

 

 

 

(3

)

 

 

15,918

 

Government and government agency bonds

 

Short-term investments

 

1 year or less

 

 

43,334

 

 

 

73

 

 

 

 

 

 

43,407

 

Corporate debt obligations

 

Short-term investments

 

1 year or less

 

 

19,938

 

 

 

29

 

 

 

 

 

 

19,967

 

Corporate debt obligations

 

Short-term investments

 

Greater than 1 year

 

 

2,016

 

 

 

1

 

 

 

(2

)

 

 

2,015

 

Total cash, cash equivalents and short-term investments

 

 

 

 

 

$

107,905

 

 

$

108

 

 

$

(5

)

 

$

108,008