| Schedule of Fair Values and Gross Unrealized Gains and Losses on Held-to-Maturity Investments |
The following table summarizes the Company’s cash equivalents and marketable securities (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortized Cost | | Gross Unrealized | | Fair Value | | Net Carrying Value | | | Gains | | Losses | | | | As of September 30, 2026 | (in thousands) | | | | | | | | | | | | Cash equivalents | | | | | | | | | | | Money market funds | $ | 71,051 | | | $ | — | | | $ | — | | | $ | 71,051 | | | $ | 71,051 | | | U.S. treasury securities | 44,635 | | | 1 | | | (1) | | | 44,635 | | | 44,635 | | | | | | | | | | | | | Total cash equivalents | $ | 115,686 | | | $ | 1 | | | $ | (1) | | | $ | 115,686 | | | $ | 115,686 | | | | | | | | | | | | | Marketable securities | | | | | | | | | | | U.S. treasury securities | $ | 31,679 | | | $ | 2 | | | $ | (19) | | | $ | 31,662 | | | $ | 31,679 | | | Corporate debt securities | 9,544 | | | — | | | (27) | | | 9,517 | | | 9,544 | | | Total marketable securities | $ | 41,223 | | | $ | 2 | | | $ | (46) | | | $ | 41,179 | | | $ | 41,223 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortized Cost | | Gross Unrealized | | Fair Value | | Net Carrying Value | | | Gains | | Losses | | | | As of December 31, 2025 | (in thousands) | | Cash equivalents | | | | | | | | | | | Money market funds | $ | 8,729 | | | $ | — | | | $ | — | | | $ | 8,729 | | | $ | 8,729 | | | Total cash equivalents | $ | 8,729 | | | $ | — | | | $ | — | | | $ | 8,729 | | | $ | 8,729 | | | | | | | | | | | | | Marketable securities | | | | | | | | | | | U.S. treasury securities | $ | 9,461 | | | $ | 12 | | | $ | — | | | $ | 9,473 | | | $ | 9,461 | | | Corporate debt securities | 12,740 | | | 4 | | | — | | | 12,744 | | | 12,738 | | | Total marketable securities | $ | 22,201 | | | $ | 16 | | | $ | — | | | $ | 22,217 | | | $ | 22,199 | |
The amortized cost and fair value of the Company’s held-to-maturity investments as of September 30, 2026, by contractual maturity, are shown below.
| | | | | | | | | | | | | Amortized Cost | | Fair Value | | As of September 30, 2026 | (in thousands) | | Within one year | $ | 85,858 | | | $ | 85,814 | | | After one year through five years | — | | | — | | | After 5 years through 10 years | — | | | — | | | After 10 years | — | | | — | | | Total investments | $ | 85,858 | | | $ | 85,814 | |
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