| Summary of Amortized Cost, Unrealized Gains (Losses) and Fair Value of Available-for-sale Marketable Securities |
The following tables summarize the amortized cost, unrealized gains (losses) and fair value of available-for-sale marketable securities (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
Amortized
Cost |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
Money market funds |
|
$ |
37,222 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
37,222 |
|
U.S. government bonds |
|
|
43,811 |
|
|
|
7 |
|
|
|
(74 |
) |
|
|
43,744 |
|
Government agency obligations |
|
|
9,993 |
|
|
|
1 |
|
|
|
(3 |
) |
|
|
9,991 |
|
Corporate debt obligations |
|
|
16,613 |
|
|
|
— |
|
|
|
(39 |
) |
|
|
16,574 |
|
Commercial paper |
|
|
11,341 |
|
|
|
— |
|
|
|
(14 |
) |
|
|
11,327 |
|
Total |
|
|
118,980 |
|
|
|
8 |
|
|
|
(130 |
) |
|
|
118,858 |
|
Less: amounts classified as cash equivalents |
|
|
(37,222 |
) |
|
|
— |
|
|
|
— |
|
|
|
(37,222 |
) |
Total available-for-sale marketable securities |
|
$ |
81,758 |
|
|
$ |
8 |
|
|
$ |
(130 |
) |
|
$ |
81,636 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Amortized
Cost |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
Money market funds |
|
$ |
40,721 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
40,721 |
|
U.S. government bonds |
|
|
72,006 |
|
|
|
172 |
|
|
|
(1 |
) |
|
|
72,177 |
|
Government agency obligations |
|
|
15,762 |
|
|
|
63 |
|
|
|
— |
|
|
|
15,825 |
|
Corporate debt obligations |
|
|
15,201 |
|
|
|
10 |
|
|
|
— |
|
|
|
15,211 |
|
Commercial paper |
|
|
15,848 |
|
|
|
16 |
|
|
|
— |
|
|
|
15,864 |
|
Total |
|
|
159,538 |
|
|
|
261 |
|
|
|
(1 |
) |
|
|
159,798 |
|
Less: amounts classified as cash equivalents |
|
|
(40,721 |
) |
|
|
— |
|
|
|
— |
|
|
|
(40,721 |
) |
Total available-for-sale marketable securities |
|
$ |
118,817 |
|
|
$ |
261 |
|
|
$ |
(1 |
) |
|
$ |
119,077 |
|
|
| Summary of Amortized Cost and Fair Value of Available-for-sale Marketable Securities by Contractual Maturity |
The amortized cost and fair value of available-for-sale marketable securities by contractual maturity were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
|
|
Amortized
Cost |
|
|
Fair Value |
|
|
Amortized
Cost |
|
|
Fair Value |
|
Maturing within one year |
|
$ |
81,758 |
|
|
$ |
81,636 |
|
|
$ |
112,777 |
|
|
$ |
113,038 |
|
Maturing in one to five years |
|
|
— |
|
|
|
— |
|
|
|
6,040 |
|
|
|
6,039 |
|
Total available-for-sale marketable securities |
|
$ |
81,758 |
|
|
$ |
81,636 |
|
|
$ |
118,817 |
|
|
$ |
119,077 |
|
|