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v3.26.1

Investments (Tables) | 6 Months Ended
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Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract] |
Schedule of Available-for-sale Investments | Available-for-sale investments consisted of the following as of June 30, 2026 and December 31, 2025 (in thousands):
|  | June 30, 2026 |
|  | Amortized Cost |  |  | Unrealized Gain |  |  | Unrealized Loss |  |  | Estimated Fair Value |
Short-term marketable securities |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper |  | $ | 23,478 |  |  | $ | 1 |  |  | $ | (11 | ) |  | $ | 23,468 |
U.S. government treasury securities |  |  | 134,565 |  |  |  | 11 |  |  |  | (108 | ) |  |  | 134,468 |
Corporate bonds |  |  | 16,467 |  |  |  | 1 |  |  |  | (22 | ) |  |  | 16,446 |
Total short-term marketable securities |  | $ | 174,510 |  |  | $ | 13 |  |  | $ | (141 | ) |  | $ | 174,382 |
Long-term marketable securities |  |  |  |  |  |  |  |  |  |  |  |
U.S. government treasury and agency securities |  | $ | 23,598 |  |  | $ | — |  |  | $ | (77 | ) |  | $ | 23,521 |
Corporate bonds |  |  | 3,966 |  |  |  | — |  |  |  | (7 | ) |  |  | 3,959 |
Total long-term marketable securities |  | $ | 27,564 |  |  | $ | — |  |  | $ | (84 | ) |  | $ | 27,480 |
|  | December 31, 2025 |
|  | Amortized Cost |  |  | Unrealized Gain |  |  | Unrealized Loss |  |  | Estimated Fair Value |
Short-term marketable securities |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper |  | $ | 9,931 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 9,932 |
U.S. government treasury securities |  |  | 114,138 |  |  |  | 204 |  |  |  | — |  |  |  | 114,342 |
Corporate bonds |  |  | 32,177 |  |  |  | 34 |  |  |  | — |  |  |  | 32,211 |
Total short-term marketable securities |  | $ | 156,246 |  |  | $ | 239 |  |  | $ | — |  |  | $ | 156,485 |
Long-term marketable securities |  |  |  |  |  |  |  |  |  |  |  |
U.S. government treasury and agency securities |  | $ | 11,250 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 11,263 |
Corporate bonds |  |  | 1,970 |  |  |  | 1 |  |  |  | — |  |  |  | 1,971 |
Total long-term marketable securities |  | $ | 13,220 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 13,234 |
Schedule of Gross Unrealized Holding Losses and Fair Values for Investments in Unrealized Loss Position | The following table presents the gross unrealized holding losses and fair values for investments in an unrealized loss position, and the length of time individual securities have been in a continuous loss position, as of June 30, 2026 (in thousands):
|  | Less Than 12 Months |  |  | 12 Months Or Greater |
|  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
Commercial paper |  | $ | 14,471 |  |  | $ | (11 | ) |  | $ | — |  |  | $ | — |
U.S. government treasury and agency securities |  |  | 129,472 |  |  |  | (185 | ) |  |  | — |  |  |  | — |
Corporate bonds |  |  | 17,404 |  |  |  | (29 | ) |  |  | — |  |  |  | — |
Total available-for-sale securities |  | $ | 161,347 |  |  | $ | (225 | ) |  | $ | — |  |  | $ | — |

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