v3.26.1
Marketable Securities: Available-For-Sale Debt Securities (Tables)
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments in Available-for-Sale Securities
As of June 30, 2026 and December 31, 2025, the Company has the following investments in available-for-sale debt securities, which are categorized as marketable securities: available-for-sale debt securities on the balance sheet depending on their maturity at acquisition (in thousands):
June 30, 2026
Remaining contractual maturity
Amortized cost
Gross unrealized gains
Gross unrealized losses
Aggregate estimated fair value
Marketable securities: available-for-sale debt securities:
Commercial paper
within 1 year$6,743 $— $— $6,743 
Corporate debt securitieswithin 1 year13,468 (1)13,469 
United States Treasury Bills
within 1 year10,003 (1)10,004 
Total
$30,214 $4 $(2)$30,216 
December 31, 2025
Remaining contractual maturity
Amortized cost
Gross unrealized gains
Gross unrealized losses
Aggregate estimated fair value
Marketable securities: available-for-sale debt securities:
Commercial paper
within 1 year$52,569 $21 $(1)$52,589 
Corporate debt securitieswithin 1 year58,226 74 (1)58,299 
United Kingdom Government Securities
within 1 year66,162 12 — 66,174 
United States Treasury Bills
within 1 year19,466 50 — 19,516 
Total
$196,423 $157 $(2)$196,578 
Schedule of Securities in an Unrealized Loss Position
The number of securities held by the Company and aggregate fair value (in thousands) and in an unrealized loss position as of June 30, 2026 and December 31, 2025 are as follows (in thousands):
June 30, 2026
Number of securities held
Gross unrealized losses
Fair market value of investments in an unrealized loss position
Marketable securities: available-for-sale debt securities in a continuous loss position for less than 12 months:
Commercial paper1$— $2,996 
Corporate debt securities1(1)4,475 
United States Treasury Bills
1(1)5,003 
Total
3$(2)$12,474 

December 31, 2025
Number of securities held
Gross unrealized losses
Fair market value of investments in an unrealized loss position
Marketable securities: available-for-sale debt securities in a continuous loss position for less than 12 months:
Commercial paper2$(1)$2,454 
Corporate debt securities2(1)7,000 
Total
4$(2)$9,454