As of June 30, 2026 and December 31, 2025, the Company’s investments in marketable securities were determined to be available-for-sale securities, carried at fair value, with the unrealized holding gains/(losses), net of income taxes, reflected in accumulated other comprehensive income/(loss) until realized.

The following is a summary of the Company’s available-for-sale securities recorded within Marketable securities, current and non-current, on the Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025 (in thousands):


	June 30, 2026
	Amortized Costs		Net Unrealized Gains (Losses)		Fair Value
Financial Assets
Short-term marketable securities:
U.S. Treasury securities	$	4,717	$	(2)	$	4,715
Corporate bonds	33,689		(45)		33,644
Commercial paper	49,760		(31)		49,729
Total short-term marketable securities	88,166		(78)		88,088
Long-term marketable securities:
U.S. government agency bonds	41,593		(166)		41,427
Corporate bonds	16,787		(92)		16,695
Total long-term marketable securities	58,380		(258)		58,122
Total marketable securities	$	146,546	$	(336)	$	146,210


	December 31, 2025
	Amortized Costs		Net Unrealized Gains (Losses)		Fair Value
Financial Assets
Short-term marketable securities:
U.S. Treasury securities	$	43,159	$	13	$	43,172
Corporate bonds	14,241		5		14,246
Commercial paper	83,816		37		83,853
Total short-term marketable securities	141,216		55		141,271
Long-term marketable securities:
U.S. government agency bonds	31,100		(67)		31,033
Corporate bonds	21,805		17		21,822
Total long-term marketable securities	52,905		(50)		52,855
Total marketable securities	$	194,121	$	5	$	194,126

The fair values of the Company’s available-for-sale securities included within Marketable securities, current and non-current, on the Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025, by remaining contractual maturity, are as follows (in thousands):


	June 30, 2026
	One Year or Less		Over One Year Through Five Years		Total
Financial Assets
Short-term marketable securities:
U.S. Treasury securities	$	4,715	$	—	$	4,715
Corporate bonds	33,644		—		33,644
Commercial paper	49,729		—		49,729
Total short-term marketable securities	88,088		—		88,088
Long-term marketable securities:
U.S. government agency bonds	—		41,427		41,427
Corporate bonds	—		16,695		16,695
Total long-term marketable securities	—		58,122		58,122
Total marketable securities	$	88,088	$	58,122	$	146,210


	December 31, 2025
	One Year or Less		Over One Year Through Five Years		Total
Financial Assets
Short-term marketable securities:
U.S. Treasury securities	$	43,172	$	—	$	43,172
Corporate bonds	14,246		—		14,246
Commercial paper	83,853		—		83,853
Total short-term marketable securities	141,271		—		141,271
Long-term marketable securities:
U.S. government agency bonds	—		31,033		31,033
Corporate bonds	—		21,822		21,822
Total long-term marketable securities	—		52,855		52,855
Total marketable securities	$	141,271	$	52,855	$	194,126