v3.26.3
Short-Term Investments
9 Months Ended
Sep. 30, 2026
Investments, All Other Investments [Abstract]  
Short-Term Investments Short-Term Investments
The following table represents the Company’s available-for-sale investments by major type (in thousands):
September 30, 2026
Amortized costUnrealized lossTotal fair value
Short-term investments:
     U.S. government securities$84,305 $(57)$84,248 
December 31, 2025
Amortized costUnrealized gainTotal fair value
Short-term investments:
     U.S. government securities$94,910 $32 $94,942 
The Company’s cash equivalents and short-term investment instruments are classified using Level 1 inputs within the fair value hierarchy and are valued using quoted market prices with reasonable levels of price transparency. U.S. government securities have a weighted-average maturity of 0.23 years and 0.27 years as of September 30, 2026 and December 31, 2025, respectively.