v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis The following tables summarize the Company’s available-for-
sale marketable securities’ amortized cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category reported as cash equivalents or marketable securities as of June 30, 2026 and December 31, 2025:
(In thousands)
June 30, 2026
Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Fair
Value		Cash EquivalentsMarketable
Securities
Level I
Money market funds$198,568 $— $— $198,568 $198,568 $— 
Treasury bills127,854 — (8)127,846 92,933 34,913 
U.S. government securities25,899 16 (54)25,861 — 25,861 
Total Level I352,321 16 (62)352,275 291,501 60,774 
Level II
Corporate bonds76,393 119 (86)76,426 — 76,426 
Foreign government and agency securities999 5 — 1,004 — 1,004 
U.S. agency securities— — — — — — 
Total Level II77,392 124 (86)77,430 — 77,430 
Total$429,713 $140 $(148)$429,705 $291,501 $138,204 
(In thousands)
December 31, 2025
Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Fair
Value		Cash EquivalentsMarketable
Securities
Level I
Money market funds$73,519 $— $— $73,519 $73,519 $— 
Treasury bills257,425 88 — 257,513 39,697 217,816 
U.S. government securities37,642 122 — 37,764 — 37,764 
Total Level I368,586 210 — 368,796 113,216 255,580 
Level II
Corporate bonds117,532 561 (1)118,092 — 118,092 
Foreign government and agency securities4,738 15 — 4,753 — 4,753 
Total Level II122,270 576 (1)122,845 — 122,845 
Total$490,856 $786 $(1)$491,641 $113,216 $378,425 
Schedule of Investments Classified by Contractual Maturity Date
The following table summarizes the remaining contractual maturities of our cash equivalents and marketable securities as of June 30, 2026:
(In thousands)Amortized CostFair Value
Due within one year$327,340 $327,328 
Due after one year through five years102,373 102,377 
Total$429,713 $429,705