v3.26.1
Marketable Debt Securities (Tables)
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Summary of Marketable Securities Classified as Available-for-sale

Marketable debt securities, all of which were classified as available-for-sale, consist of the following (in thousands):

 

 

June 30, 2026

 

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Aggregate
Fair Value

 

Marketable debt securities

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

14,145

 

 

$

 

 

$

(4

)

 

$

14,141

 

Total

 

$

14,145

 

 

$

 

 

$

(4

)

 

$

14,141

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Aggregate
Fair Value

 

Marketable debt securities

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

51,382

 

 

$

53

 

 

$

 

 

$

51,435

 

Total

 

$

51,382

 

 

$

53

 

 

$

 

 

$

51,435

 

Interest and Investment Income

Interest and investment income consists of the following (in thousands):

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Interest income

$

61

 

 

$

99

 

 

$

279

 

 

$

183

 

Accretion of discount, net

 

194

 

 

 

896

 

 

 

433

 

 

 

2,053

 

Total interest and investment income

$

255

 

 

$

995

 

 

$

712

 

 

$

2,236