v3.26.1
Available-for-Sale Marketable Securities (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-Sale Marketable Securities

The following table summarizes the amortized cost, unrealized gains and losses and fair value of the Company’s available-for-sale marketable securities as of June 30, 2026 (in thousands):

 

 

Total

 

 

Total

 

 

Total

 

 

Total

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

As of June 30, 2026

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

Money market funds (included in cash and cash equivalents)

 

$

27,014

 

 

$

—

 

 

$

—

 

 

$

27,014

 

U.S. Treasury bills

 

 

154,514

 

 

 

1

 

 

 

(131

)

 

 

154,384

 

Corporate debt obligations

 

 

13,248

 

 

 

—

 

 

 

(11

)

 

 

13,237

 

Total available-for-sale marketable securities

 

$

194,776

 

 

$

1

 

 

$

(142

)

 

$

194,635

 

The following table summarizes the amortized cost, unrealized gains and losses and fair value of the Company’s available-for-sale marketable securities as of December 31, 2025 (in thousands):

 

 

 

Total

 

 

Total

 

 

Total

 

 

Total

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

As of December 31, 2025

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

Money market funds (included in cash and cash equivalents)

 

$

122,165

 

 

$

—

 

 

$

—

 

 

$

122,165

 

U.S. Treasury bills

 

 

109,667

 

 

 

52

 

 

 

—

 

 

 

109,719

 

U.S. Government bonds

 

 

45,397

 

 

 

44

 

 

 

—

 

 

 

45,441

 

Total available-for-sale marketable securities

 

$

277,229

 

 

$

96

 

 

$

—

 

 

$

277,325