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

Available-for-sale debt securities consisted of the following as of June 30, 2026 and December 31, 2025 (in thousands):

 

 

 

June 30, 2026

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

108,815

 

 

$

—

 

 

$

(125

)

 

$

108,690

 

Non-U.S. debt securities

 

 

114,027

 

 

 

—

 

 

 

(2,623

)

 

 

111,404

 

Total

 

$

222,842

 

 

$

—

 

 

$

(2,748

)

 

$

220,094

 

 

 

 

December 31, 2025

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

97,559

 

 

$

—

 

 

$

(48

)

 

$

97,511

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Non-U.S. debt securities

 

 

17,415

 

 

 

223

 

 

 

—

 

 

 

17,638

 

Total

 

$

114,974

 

 

$

223

 

 

$

(48

)

 

$

115,149