The following table summarizes the amortized cost and fair value of the Company’s cash equivalents and short-term investments by major investment category as of June 30, 2026 (in thousands):


	June 30, 2026
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Financial assets included within cash and cash equivalents and short-term investments:
Money market funds	$	107,602	$	—	$	—		$	107,602
U.S. treasury securities		133,126		—		(100	)		133,026
Total	$	240,728	$	—	$	(100	)	$	240,628

Cash equivalents									123,545
Short-term investments									117,083
Total								$	240,628

The following table summarizes the amortized cost and fair value of the Company’s cash equivalents as of December 31, 2025 (in thousands):


	December 31, 2025
	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair value
Financial assets included within cash and cash equivalents:
Money market funds	$	19,665	$	—	$	—	$	19,665
Total	$	19,665	$	—	$	—	$	19,665

Short-term investments outstanding as of June 30, 2026 have contractual maturities of 12 months or less and were classified as short-term investments in current assets. There were no short-term or long-term investments outstanding at December 31, 2025.