v3.26.3
Short-Term Investments (Tables)
9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Estimated Fair Value of Short-Term Investments The following represents a summary of the estimated fair value of short-term investments as of September 30, 2026 and December 31, 2025 (in thousands):
As of September 30, 2026Amortized
Cost
Gross Unrealized
Gain
Gross Unrealized
Loss
Estimated
Fair Value
Available-for-sale securities:
United States Government-sponsored enterprises$113,229 $39 $(401)$112,867 
United States Treasury securities128,225 — (971)127,254 
Commercial paper19,231 — (35)19,196 
Corporate debt securities111,514 11 (600)110,925 
Total$372,199 $50 $(2,007)$370,242 
As of December 31, 2025
Amortized
Cost
Gross Unrealized
Gain
Gross Unrealized
Loss
Estimated
Fair Value
Available-for-sale securities:
United States Government-sponsored enterprises$101,230 $773 $(8)$101,995 
United States Treasury securities34,267 71 — 34,338 
Commercial paper21,500 17 (1)21,516 
Corporate debt securities44,082 102 (1)44,183 
Total$201,079 $963 $(10)$202,032 
Schedule of Contractual Maturities of Available -For-Sale Debt Securities
The contractual maturities of available-for-sale debt securities as of September 30, 2026 were as follows (in thousands):
Years to Maturity
As of September 30, 2026Within One YearOne to Two Years
Two to Three Years
Estimated Fair Value
United States Government-sponsored enterprises$87,060 $25,807 $— $112,867 
United States Treasury securities73,814 45,218 8,222 127,254 
Commercial paper19,196 — — 19,196 
Corporate debt securities62,273 48,652 — 110,925 
Total$242,343 $119,677 $8,222 $370,242