v3.26.3
Investments (Tables)
9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments

The following table summarizes the Company’s investments held (in thousands):

 

 

 

September 30, 2026

 

 

 

Amortized
Cost

 

 

Unrealized Holding
Gains

 

 

Unrealized Holding
Losses

 

 

Fair Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

   United States treasuries

 

$

15,000

 

 

$

—

 

 

$

—

 

 

$

15,000

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

   United States treasuries

 

 

229,821

 

 

 

—

 

 

 

(939

)

 

 

228,882

 

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

   United States treasuries

 

 

114,459

 

 

 

—

 

 

 

(1,094

)

 

 

113,365

 

Total financial assets

 

$

359,280

 

 

$

—

 

 

$

(2,033

)

 

$

357,247

 

 

 

 

December 31, 2025

 

 

 

Amortized
Cost

 

 

Unrealized Holding
Gains

 

 

Unrealized Holding
Losses

 

 

Fair Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

   United States treasuries

 

$

169,662

 

 

$

279

 

 

$

—

 

 

$

169,941

 

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

   United States treasuries

 

 

17,639

 

 

 

31

 

 

 

—

 

 

 

17,670

 

Total financial assets

 

$

187,301

 

 

$

310

 

 

$

—

 

 

$

187,611