| Schedule of Marketable Securities |
The following table summarizes the amortized cost and estimated fair value of the Company’s investments, which are considered to be available-for-sale investments, and were included in marketable securities and long-term marketable securities (in thousands):
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September 30, 2026 |
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Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
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|
Fair
Value |
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Marketable securities: |
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|
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|
|
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U.S. government agency debt securities |
|
$ |
270,176 |
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|
$ |
— |
|
|
$ |
(760 |
) |
|
$ |
269,416 |
|
Corporate debt securities |
|
|
318,934 |
|
|
|
— |
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|
|
(1,428 |
) |
|
|
317,506 |
|
Commercial paper |
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|
208,332 |
|
|
|
— |
|
|
|
(337 |
) |
|
|
207,995 |
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|
|
$ |
797,442 |
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|
$ |
— |
|
|
$ |
(2,525 |
) |
|
$ |
794,917 |
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Long-term marketable securities: |
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U.S. government agency debt securities |
|
$ |
81,133 |
|
|
$ |
— |
|
|
$ |
(627 |
) |
|
|
80,506 |
|
Corporate debt securities |
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|
56,262 |
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|
|
— |
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|
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(581 |
) |
|
|
55,681 |
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|
|
$ |
137,395 |
|
|
$ |
— |
|
|
$ |
(1,208 |
) |
|
$ |
136,187 |
|
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|
|
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|
|
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|
December 31, 2025 |
|
|
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
Marketable securities: |
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|
|
|
|
|
|
|
|
|
|
|
U.S. government agency debt securities |
|
$ |
169,690 |
|
|
$ |
108 |
|
|
$ |
— |
|
|
$ |
169,798 |
|
Corporate debt securities |
|
|
122,737 |
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|
23 |
|
|
|
(47 |
) |
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|
122,713 |
|
Commercial paper |
|
|
93,241 |
|
|
37 |
|
|
|
— |
|
|
|
93,278 |
|
|
|
$ |
385,668 |
|
|
$ |
168 |
|
|
$ |
(47 |
) |
|
$ |
385,789 |
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Long-term marketable securities: |
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U.S. government agency debt securities |
|
$ |
62,038 |
|
|
$ |
80 |
|
|
$ |
— |
|
|
$ |
62,118 |
|
Corporate debt securities |
|
|
44,537 |
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|
18 |
|
|
|
(1 |
) |
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|
44,554 |
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|
|
$ |
106,575 |
|
|
$ |
98 |
|
|
$ |
(1 |
) |
|
$ |
106,672 |
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