The following tables summarize the amortized cost and fair value of the Company’s cash equivalents and marketable securities by major category for the periods presented (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Amortized Cost | | Gross Unrealized Gain | | Gross Unrealized Loss | | Estimated Fair Value | | Cash equivalents: | | | | | | | | | Money market funds | $ | 32,527 | | | $ | — | | | $ | — | | | $ | 32,527 | | | U.S. Treasury securities | 9,978 | | | — | | | — | | | 9,978 | | | Total cash equivalents | $ | 42,505 | | | $ | — | | | $ | — | | | $ | 42,505 | | | Marketable securities: | | | | | | | | | U.S. Treasury securities | $ | 104,424 | | | $ | — | | | $ | (118) | | | $ | 104,306 | | | Total marketable securities | $ | 104,424 | | | $ | — | | | $ | (118) | | | $ | 104,306 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized Cost | | Gross Unrealized Gain | | Gross Unrealized Loss | | Estimated Fair Value | | Cash equivalents: | | | | | | | | | Money market funds | $ | 33,320 | | | $ | — | | | $ | — | | | $ | 33,320 | | | Total cash equivalents | $ | 33,320 | | | $ | — | | | $ | — | | | $ | 33,320 | | | Marketable securities: | | | | | | | | | U.S. Treasury securities | $ | 69,886 | | | $ | 22 | | | $ | — | | | $ | 69,908 | | | Total marketable securities | $ | 69,886 | | | $ | 22 | | | $ | — | | | $ | 69,908 | |
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