The following tables show the Company’s short-term investments and cash equivalents by significant investment category as of June 30, 2026 and December 31, 2025 (in thousands):


		As of June 30, 2026								As of December 31, 2025
		Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value		Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value
Money Market Funds	Level 1	$	17,141	$	—	$	—	$	17,141	$	24,811	$	—	$	—	$	24,811
U.S. Treasury securities	Level 2	17,087		—		(109)		16,978		8,064		2		(1)		8,065
U.S. Government agency securities	Level 2	2,007		—		(11)		1,996		1,001		—		—		1,001
Corporate debt securities	Level 2	114,521		1		(278)		114,244		139,941		26		(42)		139,925
Total financial assets		$	150,756	$	1	$	(398)	$	150,359	$	173,817	$	28	$	(43)	$	173,802


	As of June 30, 2026								As of December 31, 2025
	Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value		Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value
Classified as:
Cash equivalents	$	17,141	$	—	$	—	$	17,141	$	28,303	$	—	$	—	$	28,303
Short-term investments	133,615		1		(398)		133,218		145,514		28		(43)		145,499
Total	$	150,756	$	1	$	(398)	$	150,359	$	173,817	$	28	$	(43)	$	173,802