| Schedule of Cash, Cash Equivalents and Available-for-Sale Marketable Securities |
A summary of cash, cash equivalents, restricted cash and available-for-sale marketable securities held by the Company as of September 30, 2026 and December 31, 2025 is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | Cost | | Unrealized gains | | Unrealized losses | | Fair value | | Cash, cash equivalents and restricted cash: | | | | | | | | | Cash (Level 1) | $ | 134,309 | | | $ | — | | | $ | — | | | $ | 134,309 | | | Money market funds (Level 1) | 214,749 | | | — | | | — | | | 214,749 | | U.S. government and government sponsored entity (GSE) securities (Level 1) | 40,766 | | | — | | | — | | | 40,766 | | | Corporate debt securities with original maturities of 3 months or less (Level 2) | 125,623 | | | — | | | — | | | 125,623 | | | Total cash, cash equivalents and restricted cash | 515,447 | | | — | | | — | | | 515,447 | | | Marketable securities: | | | | | | | | | Corporate debt securities with original maturities of 1 year or less (Level 2) | 139,184 | | | 1 | | | (221) | | | 138,964 | | | U.S. government and GSE securities with original maturities of 1 year or less (Level 2) | 238,009 | | | 1 | | | (506) | | | 237,504 | | | U.S. government and GSE securities with original maturities of 1 to 2 years (Level 2) | 70,548 | | | — | | | (692) | | | 69,856 | | | | | | | | | | Total cash, cash equivalents, restricted cash and marketable securities | $ | 963,188 | | | $ | 2 | | | $ | (1,419) | | | $ | 961,771 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Cost | | Unrealized gains | | Unrealized losses | | Fair value | | Cash, cash equivalents and restricted cash: | | | | | | | | | Cash (Level 1) | $ | 109,708 | | | $ | — | | | $ | — | | | $ | 109,708 | | | Money market funds (Level 1) | 50,211 | | | — | | | — | | | 50,211 | | U.S. government and government-sponsored entity (GSE) securities (Level 1) | 9,129 | | | — | | | — | | | 9,129 | | Corporate debt securities with original maturities of 3 months or less (Level 2) | 34,735 | | | — | | | — | | | 34,735 | | | Total cash, cash equivalents and restricted cash | 203,783 | | | — | | | — | | | 203,783 | | | Marketable securities: | | | | | | | | | Corporate debt securities with original maturities of 1 year or less (Level 2) | 372,096 | | | 178 | | | (16) | | | 372,258 | | U.S. government and GSE securities with original maturities of 1 year or less (Level 2) | 298,007 | | | 460 | | | (1) | | | 298,466 | | U.S. government and GSE securities with original maturities of 1 to 2 years (Level 2) | 91,936 | | | 211 | | | — | | | 92,147 | | Corporate debt securities with original maturities of 1 to 2 years (Level 2) | 21,968 | | | 30 | | | (3) | | | 21,995 | | | Total cash, cash equivalents, restricted cash and marketable securities | $ | 987,790 | | | $ | 879 | | | $ | (20) | | | $ | 988,649 | |
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