| Summary of Investments |
The following table summarizes the Company’s investments accounted for as available-for-sale securities as of September 30, 2026 and December 31, 2025 (in thousands, except for maturity in years):
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Maturity
(in years) |
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Amortized
Cost |
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Unrealized
Losses |
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Unrealized
Gains |
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Estimated
Fair Value |
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September 30, 2026 |
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Classified as current assets: |
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Money market fund |
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1 or less |
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$ |
19,353 |
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$ |
— |
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$ |
— |
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$ |
19,353 |
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U.S. Treasury debt securities |
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1 or less |
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27,351 |
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(31 |
) |
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— |
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27,320 |
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Non-US government securities |
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1 or less |
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3,893 |
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(4 |
) |
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— |
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3,889 |
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Corporate debt securities |
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1 or less |
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30,962 |
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(48 |
) |
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— |
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30,914 |
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Commercial paper |
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1 or less |
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55,534 |
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(72 |
) |
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— |
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55,462 |
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Total |
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$ |
137,093 |
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$ |
(155 |
) |
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$ |
— |
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$ |
136,938 |
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December 31, 2025 |
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Classified as current assets: |
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Money market fund |
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1 or less |
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$ |
31,693 |
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$ |
— |
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$ |
— |
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$ |
31,693 |
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U.S. Treasury debt securities |
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1 or less |
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33,740 |
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— |
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39 |
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33,779 |
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Non-US government securities |
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1 or less |
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3,245 |
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— |
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2 |
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3,247 |
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Corporate debt securities |
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1 or less |
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|
86,167 |
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(15 |
) |
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|
86 |
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86,238 |
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Commercial paper |
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1 or less |
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41,941 |
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(10 |
) |
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10 |
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41,941 |
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Total |
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$ |
196,786 |
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$ |
(25 |
) |
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$ |
137 |
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$ |
196,898 |
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Classified as non-current assets: |
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Corporate debt securities |
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Greater than 1 |
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$ |
1,468 |
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$ |
— |
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$ |
4 |
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$ |
1,472 |
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Total long-term investments |
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$ |
1,468 |
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$ |
— |
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$ |
4 |
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$ |
1,472 |
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