The following tables summarize the amortized cost and estimated fair value of the Company’s marketable securities, which are considered to be available-for-sale investments (in thousands):


	June 30, 2026
	Amortized Cost		Unrealized Gain			Unrealized Loss		Fair Value
Marketable securities, current:
U.S. Treasury securities	$	28,379	$	(14	)	$	—	$	28,365
Commercial paper		38,660		(37	)		—		38,623
Corporate debt securities		17,749		(10	)		—		17,739
U.S. government agency debt securities		3,505		(4	)		—		3,501
Marketable securities, long-term:
U.S. Treasury securities		46,485		(29	)		—		46,456
Corporate debt securities		14,648		(1	)		—		14,647
Total marketable securities	$	149,426	$	(95	)	$	—	$	149,331


	December 31, 2025
	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Marketable securities, current:
U.S. Treasury securities	$	30,049	$	75	$	—	$	30,124
Commercial paper		30,699		26		—		30,725
Corporate debt securities		25,162		33		—		25,195
Total marketable securities	$	85,910	$	134	$	—	$	86,044

As of June 30, 2026, all marketable securities held by the Company had remaining contractual maturities of one year or less, except for U.S. treasuries and corporate debt securities with a fair value of $46.5 million and $14.6 million, respectively, with maturities of one to two years. As of December 31, 2025, all marketable securities held by the Company had remaining contractual maturities of one year or less.

The Company has determined that there were no material changes in the credit risk, therefore, no impairment was recognized on its debt securities.