| Schedule of marketable securities by security type |
The following tables set forth marketable securities for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of September 30, 2026 |
|
(in thousands) |
|
Amortized
Cost |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Total |
|
Commercial paper |
|
|
27,624 |
|
|
|
1 |
|
|
|
(64 |
) |
|
|
27,561 |
|
Corporate debt securities |
|
|
157,056 |
|
|
|
10 |
|
|
|
(749 |
) |
|
|
156,317 |
|
Certificates of deposit |
|
|
10,122 |
|
|
|
— |
|
|
|
(24 |
) |
|
|
10,098 |
|
U.S. Treasury notes |
|
|
27,384 |
|
|
|
— |
|
|
|
(177 |
) |
|
|
27,207 |
|
Total |
|
$ |
222,186 |
|
|
$ |
11 |
|
|
$ |
(1,014 |
) |
|
$ |
221,183 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2025 |
|
(in thousands) |
|
Amortized
Cost |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Total |
|
Commercial paper |
|
|
7,736 |
|
|
|
8 |
|
|
|
— |
|
|
|
7,744 |
|
Corporate debt securities |
|
|
175,401 |
|
|
|
343 |
|
|
|
(6 |
) |
|
|
175,738 |
|
Certificates of deposit |
|
|
10,181 |
|
|
|
9 |
|
|
|
— |
|
|
|
10,190 |
|
U.S. Treasury notes |
|
|
23,400 |
|
|
|
121 |
|
|
|
— |
|
|
|
23,521 |
|
Total |
|
$ |
216,718 |
|
|
$ |
481 |
|
|
$ |
(6 |
) |
|
$ |
217,193 |
|
|
| Schedule of assets carried at fair value on recurring basis |
The following tables set forth by level, within the fair value hierarchy (see Note 2), the assets carried at fair value on a recurring basis for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements as of September 30, 2026 |
|
(in thousands) |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
30,912 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
30,912 |
|
Marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
|
— |
|
|
|
27,561 |
|
|
|
— |
|
|
|
27,561 |
|
Corporate debt securities |
|
|
— |
|
|
|
156,317 |
|
|
|
— |
|
|
|
156,317 |
|
Certificates of deposit |
|
|
— |
|
|
|
10,098 |
|
|
|
— |
|
|
|
10,098 |
|
U.S. Treasury notes |
|
|
27,207 |
|
|
|
— |
|
|
|
— |
|
|
|
27,207 |
|
Total |
|
$ |
58,119 |
|
|
$ |
193,976 |
|
|
$ |
— |
|
|
$ |
252,095 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements as of December 31, 2025 |
|
(in thousands) |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
278,133 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
278,133 |
|
Marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
|
— |
|
|
|
7,744 |
|
|
|
— |
|
|
|
7,744 |
|
Corporate debt securities |
|
|
— |
|
|
|
175,738 |
|
|
|
— |
|
|
|
175,738 |
|
Certificates of deposit |
|
|
— |
|
|
|
10,190 |
|
|
|
— |
|
|
|
10,190 |
|
U.S. Treasury notes |
|
|
23,521 |
|
|
|
— |
|
|
|
— |
|
|
|
23,521 |
|
Total |
|
$ |
301,654 |
|
|
$ |
193,672 |
|
|
$ |
— |
|
|
$ |
495,326 |
|
|
| Schedule of maturity for marketable securities |
The following table summarizes the scheduled maturity for the Company's marketable securities for the periods presented:
|
|
|
|
|
(in thousands) |
|
September 30, 2026 |
|
Maturing in one year or less |
|
$ |
143,968 |
|
Maturing after one year through two years |
|
|
77,215 |
|
Maturing after two years |
|
|
— |
|
Total |
|
$ |
221,183 |
|
|