| Summary of Marketable Securities |
The following is a summary of marketable securities at September 30, 2026 and December 31, 2025 (in thousands):
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September 30, 2026 |
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Cost |
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Gross
Unrealized
Gains |
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Gross
Unrealized
Losses |
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Allowance for Credit Losses |
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Estimated
Fair
Values |
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Marketable securities |
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Commercial paper |
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$ |
7,728 |
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$ |
— |
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|
$ |
(6 |
) |
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$ |
— |
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$ |
7,722 |
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Corporate bonds and notes |
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|
55,690 |
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9 |
|
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(472 |
) |
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— |
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55,227 |
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Treasury and agency notes and bills |
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|
500 |
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— |
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(10 |
) |
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— |
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|
490 |
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Total debt securities |
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63,918 |
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9 |
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(488 |
) |
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— |
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63,439 |
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Money market funds |
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|
1,673 |
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— |
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— |
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— |
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1,673 |
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Total equity securities |
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1,673 |
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— |
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— |
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— |
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1,673 |
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Total marketable securities |
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$ |
65,591 |
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|
$ |
9 |
|
|
$ |
(488 |
) |
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$ |
— |
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|
$ |
65,112 |
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Reported in: |
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Cash and cash equivalents |
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$ |
1,673 |
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Marketable securities |
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63,439 |
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Total marketable securities |
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$ |
65,112 |
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December 31, 2025 |
|
|
|
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Allowance for Credit Losses |
|
|
Estimated
Fair
Values |
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Marketable securities |
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Commercial paper |
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$ |
8,112 |
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$ |
1 |
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$ — |
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$ |
— |
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$ |
8,113 |
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Corporate bonds and notes |
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|
53,685 |
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125 |
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(26 |
) |
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— |
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53,784 |
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Treasury and agency notes and bills |
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|
1,700 |
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— |
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— |
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— |
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|
1,700 |
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Total debt securities |
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63,497 |
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|
126 |
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(26 |
) |
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— |
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|
63,597 |
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Money market funds |
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|
200 |
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— |
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— |
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— |
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|
200 |
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Total equity securities |
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|
200 |
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— |
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— |
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— |
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|
|
200 |
|
Total marketable securities |
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$ |
63,697 |
|
|
$ |
126 |
|
|
$ |
(26 |
) |
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$ |
— |
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$ |
63,797 |
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Reported in: |
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Cash and cash equivalents |
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|
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$ |
200 |
|
Marketable securities |
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|
63,597 |
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Total marketable securities |
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$ |
63,797 |
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| Estimated Fair Value of Marketable Debt Securities by Contractual Maturity |
The estimated fair value of marketable debt securities by contractual maturity at September 30, 2026 is shown below (in thousands). Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without call or prepayment penalties.
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Amortized
Cost |
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Estimated
Fair Value |
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Due in one year or less |
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$ |
29,578 |
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$ |
29,507 |
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Due in one to two years |
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|
21,752 |
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|
21,550 |
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Due in two to three years |
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|
12,588 |
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|
12,382 |
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Total |
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$ |
63,918 |
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$ |
63,439 |
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