| Summary of Amortized Cost and Estimated Fair Value of Investments |
The following tables summarize the amortized cost and estimated fair value of the Company's available-for-sale investments that were included in short-term investments and long-term investments as of June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
Amortized Cost |
|
|
Gross Unrealized Gains |
|
|
Gross Unrealized Losses |
|
|
Fair Value |
|
Short-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
$ |
88,133 |
|
|
$ |
1 |
|
|
$ |
(304 |
) |
|
$ |
87,830 |
|
Commercial paper |
|
|
80,512 |
|
|
|
— |
|
|
|
(57 |
) |
|
|
80,455 |
|
Corporate debt securities |
|
|
65,067 |
|
|
|
— |
|
|
|
(260 |
) |
|
|
64,807 |
|
Long-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
|
15,210 |
|
|
|
— |
|
|
|
(115 |
) |
|
|
15,095 |
|
Corporate debt securities |
|
|
31,730 |
|
|
|
— |
|
|
|
(209 |
) |
|
|
31,521 |
|
|
|
$ |
280,652 |
|
|
$ |
1 |
|
|
$ |
(945 |
) |
|
$ |
279,708 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Amortized Cost |
|
|
Gross Unrealized Gains |
|
|
Gross Unrealized Losses |
|
|
Fair Value |
|
Short-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
$ |
95,550 |
|
|
$ |
72 |
|
|
$ |
(13 |
) |
|
$ |
95,609 |
|
Commercial paper |
|
|
137,101 |
|
|
|
22 |
|
|
|
(19 |
) |
|
|
137,104 |
|
Corporate debt securities |
|
|
25,680 |
|
|
|
18 |
|
|
|
(37 |
) |
|
|
25,661 |
|
Long-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
|
73,072 |
|
|
|
— |
|
|
|
(60 |
) |
|
|
73,012 |
|
Corporate debt securities |
|
|
75,192 |
|
|
|
— |
|
|
|
(211 |
) |
|
|
74,981 |
|
|
|
$ |
406,595 |
|
|
$ |
112 |
|
|
$ |
(340 |
) |
|
$ |
406,367 |
|
|