| Summary of Marketable Securities Held |
The following table summarizes the Company’s marketable securities held at September 30, 2026 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
Commercial paper |
|
$ |
316,639 |
|
|
$ |
— |
|
|
$ |
(695 |
) |
|
$ |
315,944 |
|
Corporate notes |
|
|
72,501 |
|
|
|
— |
|
|
|
(172 |
) |
|
|
72,329 |
|
U.S. Treasury securities |
|
|
411,326 |
|
|
|
— |
|
|
|
(2,404 |
) |
|
|
408,922 |
|
U.S. Government securities |
|
|
28,661 |
|
|
|
— |
|
|
|
(163 |
) |
|
|
28,498 |
|
Corporate equity securities |
|
|
4,913 |
|
|
|
— |
|
|
|
— |
|
|
|
4,913 |
|
Total |
|
$ |
834,040 |
|
|
$ |
— |
|
|
$ |
(3,434 |
) |
|
$ |
830,606 |
|
The following table summarizes the Company’s marketable securities held at December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
Commercial paper |
|
$ |
304,861 |
|
|
$ |
162 |
|
|
$ |
(64 |
) |
|
$ |
304,959 |
|
Corporate notes |
|
|
149,928 |
|
|
|
128 |
|
|
|
(10 |
) |
|
|
150,046 |
|
U.S. Treasury securities |
|
|
462,112 |
|
|
|
872 |
|
|
|
— |
|
|
|
462,984 |
|
U.S. Government securities |
|
|
26,673 |
|
|
|
23 |
|
|
|
— |
|
|
|
26,696 |
|
Corporate equity securities |
|
|
5,581 |
|
|
|
— |
|
|
|
— |
|
|
|
5,581 |
|
Total |
|
$ |
949,155 |
|
|
$ |
1,185 |
|
|
$ |
(74 |
) |
|
$ |
950,266 |
|
|