The following table summarizes the Company’s available-for-sale marketable securities:


	As of September 30, 2026									As of December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value


	(in thousands)									(in thousands)
Corporate bonds	$	76,518	$	—	$	(136	)	$	76,382	$	—	$	—	$	—	$	—
Treasury Bills		55,359		—		(21	)		55,338		—		—		—		—
U.S. Government securities		102,129		—		(152	)		101,977		—		—		—		—
Total	$	234,006	$	—	$	(309	)	$	233,697	$	—	$	—	$	—	$	—

Amounts in the table above at fair value were classified on our consolidated balance sheet as follows:


	As of September 30, 2026		As of December 31, 2025
	(in thousands)		(in thousands)
Marketable securities	$	233,434	$	—
Long-term marketable securities		263		—
Total	$	233,697	$	—

The amortized cost of marketable debt securities is adjusted for amortization of premiums and accretion of discounts to maturity. There was an insignificant realized loss recognized on the maturity of marketable securities for the three and nine months ended September 30, 2026 and, as a result, the Company did not reclassify the corresponding amount out of accumulated other comprehensive loss for either period. The Company did not hold marketable securities as of December 31, 2025.