Cash Equivalents, Marketable Securities and Restricted Cash (Tables)

6 Months Ended

Jun. 30, 2026

Cash, Cash Equivalents, and Short-Term Investments [Abstract]

Schedule of Cash Equivalents and Marketable Securities

The marketable securities consist of government securities as follows (in thousands):


		As of June 30, 2026
		Amortized Cost				Unrealized Gains				Unrealized Losses				Aggregate Fair Value
Cash equivalents
Money market funds		$	279,436			$	—			$	—			$	279,436
Total cash equivalents			279,436				—				—				279,436
Marketable securities
Government securities			44,493				186				—				44,679
Total marketable securities			44,493				186				—				44,679
Restricted cash
Certificate of deposit			782				—				—				782
Total restricted cash			782				—				—				782
Total cash equivalents, marketable securities and restricted cash		$	324,711			$	186			$	—			$	324,897


		As of December 31, 2025
		Amortized Cost				Unrealized Gains				Unrealized Losses				Aggregate Fair Value
Cash equivalents
Money market funds		$	249,393			$	—			$	—			$	249,393
Total cash equivalents			249,393				—				—				249,393
Marketable securities
Government securities			44,872				168				—				45,040
Total marketable securities			44,872				168				—				45,040
Restricted cash
Certificate of deposit			770				—				—				770
Total restricted cash			770				—				—				770
Total cash equivalents, marketable securities and restricted cash		$	295,035			$	168			$	—			$	295,203

Schedule of Cash Equivalents and Restricted Cash

A reconciliation of the cash, cash equivalents and restricted cash reported in the condensed balance sheets that sum to the total of the amounts shown in the condensed statements of cash flows is as follows (in thousands):


		As of June 30, 2026				As of December 31, 2025
Cash and cash equivalents		$	283,111			$	250,173
Restricted cash			782				770
Total cash, cash equivalents and restricted cash		$	283,893			$	250,943