| Summary of Amortized Cost, Gross Unrealized Holding Gains and Losses, and Fair Value of the Company's Cash Equivalents Marketable Securities by Major Security Type |
The amortized cost, unrealized holding gains, unrealized holding losses and fair value of the Company’s marketable securities by major security type as of June 30, 2026 and December 31, 2025 are summarized in the table below:
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As of June 30, 2026 |
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(in thousands) |
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Amortized Cost |
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Unrealized Gains |
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Unrealized Losses |
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Aggregate Estimated Fair Value |
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Marketable securities, current |
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U.S. treasury securities |
|
$ |
159,740 |
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|
$ |
2 |
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|
$ |
(239 |
) |
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$ |
159,503 |
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U.S. government agency securities |
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|
15,986 |
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— |
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(8 |
) |
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15,978 |
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Commercial paper |
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17,527 |
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— |
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(25 |
) |
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|
17,502 |
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Corporate debt securities |
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15,492 |
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— |
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(31 |
) |
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|
15,461 |
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Total short-term marketable securities |
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208,745 |
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2 |
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(303 |
) |
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|
208,444 |
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Marketable securities, non-current |
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U.S. treasury securities |
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83,955 |
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3 |
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(137 |
) |
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|
83,821 |
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Total long-term marketable securities |
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83,955 |
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3 |
|
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(137 |
) |
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83,821 |
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Total |
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$ |
292,700 |
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|
$ |
5 |
|
|
$ |
(440 |
) |
|
$ |
292,265 |
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December 31, 2025 |
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(in thousands) |
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Amortized Cost |
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Unrealized Gains |
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Unrealized Losses |
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Aggregate Estimated Fair Value |
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Marketable securities, current |
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|
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|
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U.S. treasury securities |
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$ |
121,246 |
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|
$ |
93 |
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|
$ |
— |
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|
$ |
121,339 |
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U.S. government agency securities |
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|
23,467 |
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9 |
|
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— |
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|
23,476 |
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Commercial paper |
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|
5,874 |
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2 |
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— |
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|
5,876 |
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Corporate debt securities |
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|
1,979 |
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— |
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— |
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|
1,979 |
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Total short-term marketable securities |
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|
152,566 |
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|
104 |
|
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— |
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|
152,670 |
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Marketable securities, non-current |
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U.S. treasury securities |
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|
18,108 |
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6 |
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— |
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18,114 |
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Total long-term marketable securities |
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|
18,108 |
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6 |
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— |
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|
18,114 |
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Total |
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$ |
170,674 |
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|
$ |
110 |
|
|
$ |
— |
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|
$ |
170,784 |
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