v3.26.1
Short-Term Investments
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Short-Term Investments

5. Short-Term Investments

The Company classified short-term investments as available-for-sale securities, as the sale of such investments may be required prior to maturity to facilitate the execution of management strategies. During the six months ended June 30, 2026 and 2025, the unrealized gain on the Company's available-for-sale securities was immaterial, and not presented separately in the condensed consolidated statements of operations.

The Company classified all investments with maturities longer than three months from the date of purchase as short-term investments in the condensed consolidated balance sheets, reflecting its intent and ability to use these assets to meet the liquidity requirements of current operations. The following table summarizes contractual maturities of available-for-sale securities as of June 30, 2026 (in thousands):

 

Amortized Cost

 

 

Estimated Fair Value

 

Due in one year or less

$

3,738

 

 

$

3,738

 

Due after one year through five years

 

 

 

 

 

Due after five years

 

2,483

 

 

 

2,483

 

Total Investments

$

6,221

 

 

$

6,221