| Schedule of Cash, Cash Equivalents and Marketable Securities |
The following tables summarize our cash equivalents and marketable securities measured at fair value on a recurring basis (in thousands):
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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As of June 30, 2026 |
|
|
Fair Value Hierarchy |
|
Amortized Cost |
|
|
Gross Unrealized Gains |
|
|
Gross Unrealized Losses |
|
|
Fair Value |
|
|
Cash Equivalents |
|
|
Marketable Securities |
|
Money market funds |
Level 2 |
|
$ |
27,436 |
|
|
$ |
– |
|
|
$ |
– |
|
|
$ |
27,436 |
|
|
$ |
27,436 |
|
|
$ |
– |
|
Time deposits |
Level 2 |
|
|
4,555 |
|
|
|
1 |
|
|
|
(5 |
) |
|
|
4,551 |
|
|
|
– |
|
|
|
4,551 |
|
Commercial paper |
Level 2 |
|
|
8,286 |
|
|
|
1 |
|
|
|
(3 |
) |
|
|
8,284 |
|
|
|
995 |
|
|
|
7,289 |
|
Asset backed securities |
Level 2 |
|
|
1,644 |
|
|
|
1 |
|
|
|
(1 |
) |
|
|
1,644 |
|
|
|
– |
|
|
|
1,644 |
|
Government bonds |
Level 2 |
|
|
14,040 |
|
|
|
– |
|
|
|
(4 |
) |
|
|
14,036 |
|
|
|
– |
|
|
|
14,036 |
|
Corporate debt securities |
Level 2 |
|
|
79,235 |
|
|
|
9 |
|
|
|
(68 |
) |
|
|
79,176 |
|
|
|
– |
|
|
|
79,176 |
|
Total |
|
|
$ |
135,196 |
|
|
$ |
12 |
|
|
$ |
(81 |
) |
|
$ |
135,127 |
|
|
$ |
28,431 |
|
|
$ |
106,696 |
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|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2025 |
|
|
Fair Value Hierarchy |
|
Amortized Cost |
|
|
Gross Unrealized Gains |
|
|
Gross Unrealized Losses |
|
|
Fair Value |
|
|
Cash Equivalents |
|
|
Marketable Securities |
|
Money market funds |
Level 2 |
|
$ |
24,100 |
|
|
$ |
– |
|
|
$ |
– |
|
|
$ |
24,100 |
|
|
$ |
24,100 |
|
|
$ |
– |
|
Time deposits |
Level 2 |
|
|
4,300 |
|
|
|
5 |
|
|
|
– |
|
|
|
4,305 |
|
|
|
– |
|
|
|
4,305 |
|
Commercial paper |
Level 2 |
|
|
23,631 |
|
|
|
12 |
|
|
|
(1 |
) |
|
|
23,642 |
|
|
|
9,191 |
|
|
|
14,451 |
|
Asset backed securities |
Level 2 |
|
|
4,663 |
|
|
|
6 |
|
|
|
– |
|
|
|
4,669 |
|
|
|
– |
|
|
|
4,669 |
|
Government bonds |
Level 2 |
|
|
38,173 |
|
|
|
18 |
|
|
|
– |
|
|
|
38,191 |
|
|
|
7,235 |
|
|
|
30,956 |
|
Corporate debt securities |
Level 2 |
|
|
107,008 |
|
|
|
92 |
|
|
|
(1 |
) |
|
|
107,099 |
|
|
|
– |
|
|
|
107,099 |
|
Total |
|
|
$ |
201,875 |
|
|
$ |
133 |
|
|
$ |
(2 |
) |
|
$ |
202,006 |
|
|
$ |
40,526 |
|
|
$ |
161,480 |
|
|
| Summary of Scheduled Maturity for Marketable Securities |
The following table shows the fair value of the Company’s cash equivalents and marketable securities, by contractual maturity, as of June 30, 2026 (in thousands):
|
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|
|
|
June 30, 2026 |
|
Due in 1 year or less |
$ |
134,032 |
|
Due in 1 year through 5 years |
|
1,095 |
|
Total |
$ |
135,127 |
|
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| Schedule of Investments Fair Values and Gross Unrealized Losses |
The following table shows fair values and gross unrealized losses recorded to accumulated other comprehensive income, aggregated by category and the length of time that individual securities have been in a continuous loss position (in thousands):
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|
|
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|
|
|
|
|
|
As of June 30, 2026 |
|
|
Less than 12 months |
|
|
12 Months or Greater |
|
|
Total |
|
|
Fair Value |
|
|
Unrealized Loss |
|
|
Fair Value |
|
|
Unrealized Loss |
|
|
Fair Value |
|
|
Unrealized Loss |
|
Time deposits |
$ |
2,330 |
|
|
$ |
(5 |
) |
|
$ |
– |
|
|
$ |
– |
|
|
$ |
2,330 |
|
|
$ |
(5 |
) |
Commercial paper |
|
2,411 |
|
|
|
(3 |
) |
|
|
– |
|
|
|
– |
|
|
|
2,411 |
|
|
|
(3 |
) |
Asset backed securities |
|
1,282 |
|
|
|
(1 |
) |
|
|
– |
|
|
|
– |
|
|
|
1,282 |
|
|
|
(1 |
) |
Government bonds |
|
14,035 |
|
|
|
(4 |
) |
|
|
– |
|
|
|
– |
|
|
|
14,035 |
|
|
|
(4 |
) |
Corporate debt securities |
|
59,910 |
|
|
|
(68 |
) |
|
|
– |
|
|
|
– |
|
|
|
59,910 |
|
|
|
(68 |
) |
Total |
$ |
79,968 |
|
|
$ |
(81 |
) |
|
$ |
– |
|
|
$ |
– |
|
|
$ |
79,968 |
|
|
$ |
(81 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2025 |
|
|
Less than 12 months |
|
|
12 Months or Greater |
|
|
Total |
|
|
Fair Value |
|
|
Unrealized Loss |
|
|
Fair Value |
|
|
Unrealized Loss |
|
|
Fair Value |
|
|
Unrealized Loss |
|
Commercial paper |
$ |
965 |
|
|
$ |
(1 |
) |
|
$ |
– |
|
|
$ |
– |
|
|
$ |
965 |
|
|
$ |
(1 |
) |
Asset backed securities |
|
1,082 |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
1,082 |
|
|
|
– |
|
Corporate debt securities |
|
3,565 |
|
|
|
(1 |
) |
|
|
– |
|
|
|
– |
|
|
|
3,565 |
|
|
|
(1 |
) |
Total |
$ |
5,612 |
|
|
$ |
(2 |
) |
|
$ |
– |
|
|
$ |
– |
|
|
$ |
5,612 |
|
|
$ |
(2 |
) |
|