Marketable Securities (Tables)

9 Months Ended

Sep. 30, 2026

Marketable Securities [Abstract]

Schedule of Marketable Securities

Marketable securities as of September 30, 2026 consisted of the following (in thousands):


						Gross Unrealized
		Amortized Cost				Gains				Losses				Estimated Fair Value
Marketable securities available-for-sale:
U.S. treasury securities		$	455,348			$	—			$	(1,912	)		$	453,436
Corporate debt securities			60,045				—				(147	)			59,898
U.S. government agency securities			80,173				—				(674	)			79,499
Total available-for-sale securities		$	595,566			$	—			$	(2,733	)		$	592,833

Marketable securities as of December 31, 2025 consisted of the following (in thousands):


						Gross Unrealized
		Amortized Cost				Gains				Losses				Estimated Fair Value
Marketable securities available-for-sale:
U.S. treasury securities		$	484,670			$	859			$	—			$	485,529
Corporate debt securities			132,913				44				(16	)			132,941
U.S. government agency securities			81,431				110				(4	)			81,537
Total available-for-sale securities		$	699,014			$	1,013			$	(20	)		$	700,007

Schedule of Contractual Maturity

The following table shows the fair value of the Company’s marketable securities, by contractual maturity, as of September 30, 2026 (in thousands):


		September 30, 2026
Due within one year		$	478,411
Due after one year through five years			114,422
Total available-for-sale securities		$	592,833