| Schedule of Available-for-Sale Securities |
The following tables summarize investments accounted for as available-for-sale securities (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of June 30, 2026 |
|
| |
|
Acquisition
Cost |
|
|
Unrealized
Gain |
|
|
Unrealized
Loss |
|
|
Estimated Fair
Value |
|
| Money market funds |
|
$ |
16,304 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
16,304 |
|
| U.S. government obligations |
|
|
52,445 |
|
|
|
— |
|
|
|
(32 |
) |
|
|
52,413 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total cash equivalents and investments |
|
$ |
68,749 |
|
|
$ |
— |
|
|
$ |
(32 |
) |
|
$ |
68,717 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Classified as: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
16,304 |
|
| Short-term investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
52,413 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total cash equivalents and investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
68,717 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of December 31, 2025 |
|
| |
|
Acquisition
Cost |
|
|
Unrealized
Gain |
|
|
Unrealized
Loss |
|
|
Estimated Fair
Value |
|
| Money market funds |
|
$ |
16,100 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
16,100 |
|
| U.S. government obligations |
|
|
89,649 |
|
|
|
64 |
|
|
|
— |
|
|
|
89,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total cash equivalents and investments |
|
$ |
105,749 |
|
|
$ |
64 |
|
|
$ |
— |
|
|
$ |
105,813 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Classified as: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
16,100 |
|
| Short-term investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
89,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total cash equivalents and investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
105,813 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following tables summarize investments accounted for as available-for-sale securities (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of December 31, 2025 |
|
| |
|
Acquisition
Cost |
|
|
Unrealized
Gain |
|
|
Unrealized
Loss |
|
|
Estimated Fair
Value |
|
| Money market funds |
|
$ |
16,100 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
16,100 |
|
| U.S. government obligations |
|
|
89,649 |
|
|
|
64 |
|
|
|
— |
|
|
|
89,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total cash equivalents and investments |
|
$ |
105,749 |
|
|
$ |
64 |
|
|
$ |
— |
|
|
$ |
105,813 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Classified as: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
16,100 |
|
| Short-term investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
89,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total cash equivalents and investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
105,813 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of December 31, 2024 |
|
| |
|
Acquisition
Cost |
|
|
Unrealized
Gain |
|
|
Unrealized
Loss |
|
|
Estimated Fair
Value |
|
| Money market funds |
|
$ |
24,889 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
24,889 |
|
| U.S. government obligations |
|
|
118,170 |
|
|
|
121 |
|
|
|
(2 |
) |
|
|
118,289 |
|
| Corporate debt securities |
|
|
7,236 |
|
|
|
2 |
|
|
|
— |
|
|
|
7,238 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total cash equivalents and investments |
|
$ |
150,295 |
|
|
$ |
123 |
|
|
$ |
(2 |
) |
|
$ |
150,416 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Classified as: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
24,889 |
|
| Short-term investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
125,527 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total cash equivalents and investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
150,416 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|