| Schedule of Marketable Securities |
The following table summarizes the amortized cost and estimated fair value of the Company’s investments, which are considered to be available-for-sale investments, and were included in marketable securities and long-term marketable securities (in thousands):
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June 30, 2026 |
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|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
Marketable securities: |
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|
|
|
|
|
|
|
|
U.S. government agency debt securities |
|
$ |
248,546 |
|
|
$ |
— |
|
|
$ |
(359 |
) |
|
$ |
248,187 |
|
Corporate debt securities |
|
|
296,772 |
|
|
|
1 |
|
|
|
(620 |
) |
|
|
296,153 |
|
Commercial paper |
|
|
242,318 |
|
|
|
6 |
|
|
|
(224 |
) |
|
|
242,100 |
|
|
|
$ |
787,636 |
|
|
$ |
7 |
|
|
$ |
(1,203 |
) |
|
$ |
786,440 |
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Long-term marketable securities: |
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|
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U.S. government agency debt securities |
|
$ |
138,073 |
|
|
$ |
14 |
|
|
$ |
(303 |
) |
|
|
137,784 |
|
Corporate debt securities |
|
|
117,599 |
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|
|
— |
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|
|
(307 |
) |
|
|
117,292 |
|
|
|
$ |
255,672 |
|
|
$ |
14 |
|
|
$ |
(610 |
) |
|
$ |
255,076 |
|
|
|
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|
|
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|
|
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|
|
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|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government agency debt securities |
|
$ |
169,690 |
|
|
$ |
108 |
|
|
$ |
— |
|
|
$ |
169,798 |
|
Corporate debt securities |
|
|
122,737 |
|
|
23 |
|
|
|
(47 |
) |
|
|
122,713 |
|
Commercial paper |
|
|
93,241 |
|
|
37 |
|
|
|
— |
|
|
|
93,278 |
|
|
|
$ |
385,668 |
|
|
$ |
168 |
|
|
$ |
(47 |
) |
|
$ |
385,789 |
|
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Long-term marketable securities: |
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|
|
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|
|
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|
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|
U.S. government agency debt securities |
|
$ |
62,038 |
|
|
$ |
80 |
|
|
$ |
— |
|
|
$ |
62,118 |
|
Corporate debt securities |
|
|
44,537 |
|
|
18 |
|
|
|
(1 |
) |
|
|
44,554 |
|
|
|
$ |
106,575 |
|
|
$ |
98 |
|
|
$ |
(1 |
) |
|
$ |
106,672 |
|
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