
	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
As of June 30, 2026
Maturities < 1 Year
Corporate bonds	$	37,171	$	—	$	(83	)	$	37,088
U.S. treasury bill		6,425		—		(2	)		6,423
Total short-term investments	$	43,596	$	—	$	(85	)	$	43,511

Maturities > 1 Year
Corporate bonds	$	17,047	$	—	$	(87	)	$	16,960
Total investments	$	17,047	$	—	$	(87	)	$	16,960

As of December 31, 2025
Maturities < 1 Year
Corporate bonds	$	18,772	$	19	$	(3	)	$	18,788
Total short-term investments	$	18,772	$	19	$	(3	)	$	18,788

Maturities > 1 Year
Corporate bonds	$	16,247	$	3	$	(11	)	$	16,239
Total investments	$	16,247	$	3	$	(11	)	$	16,239

The Company carries investments at amortized cost. As of June 30, 2026 and December 31, 2025, the fair value of the corporate bonds and U.S. treasury bill totals $60.5 million and $35.0 million, respectively, which is determined based on “Level 2” inputs, which consist of quoted prices for similar assets in active markets. The Company has evaluated the unrealized loss position in the corporate bonds and treasury bill as of the balance sheet dates and did not consider it to be indicative of an other-than-temporary impairment as the securities are highly-rated and the Company expects to realize the full principal amount at maturity. As of June 30, 2026, the corporate bonds maintain credit ratings of A- and higher.