The following tables summarize investments accounted for as available-for-sale securities (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2026 |
|
|
|
Acquisition
Cost |
|
|
Unrealized
Gain |
|
|
Unrealized
Loss |
|
|
Estimated Fair
Value |
|
Money market funds |
|
$ |
16,304 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
16,304 |
|
U.S. government obligations |
|
|
52,445 |
|
|
|
— |
|
|
|
(32 |
) |
|
|
52,413 |
|
Total cash equivalents and investments |
|
$ |
68,749 |
|
|
$ |
— |
|
|
$ |
(32 |
) |
|
$ |
68,717 |
|
Classified as: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
$ |
16,304 |
|
Short-term investments |
|
|
|
|
|
|
|
|
|
|
|
52,413 |
|
Total cash equivalents and investments |
|
|
|
|
|
|
|
|
|
|
$ |
68,717 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2025 |
|
|
|
Acquisition
Cost |
|
|
Unrealized
Gain |
|
|
Unrealized
Loss |
|
|
Estimated Fair
Value |
|
Money market funds |
|
$ |
16,100 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
16,100 |
|
U.S. government obligations |
|
|
89,649 |
|
|
|
64 |
|
|
|
— |
|
|
|
89,713 |
|
Total cash equivalents and investments |
|
$ |
105,749 |
|
|
$ |
64 |
|
|
$ |
— |
|
|
$ |
105,813 |
|
Classified as: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
$ |
16,100 |
|
Short-term investments |
|
|
|
|
|
|
|
|
|
|
|
89,713 |
|
Total cash equivalents and investments |
|
|
|
|
|
|
|
|
|
|
$ |
105,813 |
|
|