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Investments | 3 Months Ended
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Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract] |
Investments | Investments The Company's investments are classified as available-for-sale. The following table summarizes the amortized cost, gross unrealized gains and losses, and fair value of available-for-sale investments as of March 31, 2026:
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Aggregate Fair Value
U.S. government debt securities | $ | 46,463 |  |  | $ | — |  |  | $ | (15) |  |  | $ | 46,448 |
Certificates of deposit | 2,809 |  |  | — |  |  | (2) |  |  | 2,807 |
Total | $ | 49,272 |  |  | $ | — |  |  | $ | (17) |  |  | $ | 49,255 |
The estimated fair value of available-for-sale investments classified by their contractual maturities as of March 31, 2026 was:
Due within one year | $ | 48,766 |
After one year through two years | 489 |
Total | $ | 49,255 |
The following table summarizes the amortized cost, gross unrealized gains and losses, and fair value of available-for-sale investments as of December 31, 2025:
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Aggregate Fair Value
U.S. government debt securities | $ | 66,670 |  |  | $ | 36 |  |  | $ | (30) |  |  | $ | 66,676 |
Certificates of deposit | 3,397 |  |  | 1 |  |  | — |  |  | 3,398 |
Corporate bonds | 61 |  |  | — |  |  | — |  |  | 61 |
Total | $ | 70,128 |  |  | $ | 37 |  |  | $ | (30) |  |  | $ | 70,135 |
The estimated fair value of available-for-sale investments classified by their contractual maturities as of December 31, 2025 was:
Due within one year | $ | 67,624 |
After one year through two years | 2,511 |
Total | $ | 70,135 |
In addition, as of March 31, 2026 and December 31, 2025, the Company held U.S. government debt securities valued at $2,901 and $19,083, respectively, which were included in cash and cash equivalents in the condensed consolidated balance sheet as these investments had an original maturity of less than three months when purchased. Changes in market interest rates and bond yields cause certain investments to fall below their cost basis, resulting in unrealized losses on investments.

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