| Summary of Marketable Securities |
Cash equivalents and marketable securities consisted of the following as of June 30, 2026 and December 31, 2025 (in thousands):
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Fair Value Measurements at
June 30, 2026 |
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$ |
48,466 |
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$ |
— |
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$ |
— |
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$ |
48,466 |
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48,466 |
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— |
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— |
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48,466 |
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39,751 |
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— |
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(105 |
) |
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39,646 |
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231,190 |
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20 |
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(482 |
) |
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230,728 |
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Total marketable securities |
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270,941 |
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20 |
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(587 |
) |
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270,374 |
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Total cash equivalents and marketable securities |
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$ |
319,407 |
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$ |
20 |
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$ |
(587 |
) |
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$ |
318,840 |
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Fair Value Measurements at
December 31, 2025 |
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$ |
197,533 |
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$ |
— |
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$ |
— |
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$ |
197,533 |
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| |
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197,533 |
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— |
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— |
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197,533 |
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Government agency securities |
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3,499 |
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2 |
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— |
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3,501 |
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151,100 |
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|
187 |
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(15 |
) |
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151,272 |
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Total marketable securities |
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154,599 |
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|
189 |
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(15 |
) |
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154,773 |
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Total cash equivalents and marketable securities |
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$ |
352,132 |
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$ |
189 |
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$ |
(15 |
) |
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$ |
352,306 |
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Cash equivalents and marketable securities consisted of the following as of December 31, 2025 and December 31, 2024 (in thousands):
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Fair Value Measurements at
December 31, 2025 |
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$ |
197,533 |
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$ |
— |
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$ |
— |
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$ |
197,533 |
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197,533 |
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— |
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— |
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197,533 |
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Government agency securities |
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3,499 |
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2 |
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— |
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3,501 |
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151,100 |
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|
187 |
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(15 |
) |
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151,272 |
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Total marketable securities |
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154,599 |
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189 |
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(15 |
) |
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154,773 |
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Total cash equivalents and marketable securities |
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$ |
352,132 |
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$ |
189 |
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$ |
(15 |
) |
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$ |
352,306 |
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Fair Value Measurements at
December 31, 2024 |
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$ |
45,722 |
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$ |
— |
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$ |
— |
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$ |
45,722 |
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12,488 |
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2 |
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— |
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12,490 |
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58,210 |
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2 |
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— |
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58,212 |
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2,496 |
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— |
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— |
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2,496 |
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Government agency securities |
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11,260 |
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22 |
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— |
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11,282 |
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| |
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168,925 |
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|
154 |
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(48 |
) |
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169,031 |
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Total marketable securities |
|
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182,681 |
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|
176 |
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(48 |
) |
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182,809 |
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Total cash equivalents and marketable securities |
|
$ |
240,891 |
|
|
$ |
178 |
|
|
$ |
(48 |
) |
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$ |
241,021 |
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