XML 63 R39.htm IDEA: XBRL DOCUMENT v3.25.4
Marketable Securities (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses, and Fair Value
The amortized cost, gross unrealized gains, gross unrealized losses, and fair value of the Company’s marketable securities by major security type were as follows (in thousands):
As of December 31, 2025
Amortized costUnrealized GainsUnrealized LossesFair Value
Commercial paper$12,875 $2 $— $12,877 
U.S. Treasuries29,572 78 — 29,650 
U.S. Government agency bonds13,588 7 (1)13,594 
Corporate bonds32,279 13 (20)32,272 
Total marketable securities$88,314 $100 $(21)$88,393 
As of December 31, 2024
Amortized CostUnrealized GainsUnrealized LossesFair Value
Commercial paper$1,494 $— $— $1,494 
U.S. Treasuries61,891 19 (53)61,857 
U.S. Government agency bonds93,987 89 (98)93,978 
Corporate bonds74,937 148 (1)75,084 
Total marketable securities$232,309 $256 $(152)$232,413 
Schedule of Fair Value and Gross Unrealized Losses
The following table shows the fair value and gross unrealized losses of the Company’s marketable securities aggregated by major security type and length of time that the individual securities have been in a continuous unrealized loss position (in thousands):
Less Than 12 MonthsGreater Than 12 Months
As of December 31, 2025Fair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Government agency bonds$450 $— $3,589 $(1)
Corporate bonds19,759 (20)— — 
Total$20,209 $(20)$3,589 $(1)
Less Than 12 Months
As of December 31, 2024Fair ValueUnrealized Losses
U.S. Treasuries$35,085 $(53)
U.S. Government agency bonds32,148 (98)
Corporate bonds7,415 (1)
Total$74,648 $(152)
Schedule of Contractual Maturities of Marketable Securities
The following table summarizes the contractual maturities of the Company’s marketable securities (in thousands):
As of December 31, 2025As of December 31, 2024
Amortized costFair ValueAmortized CostFair Value
Due within one year$71,054 $71,141 $197,141 $197,306 
Due in one to two years17,260 17,252 35,168 35,107 
Total marketable securities$88,314 $88,393 $232,309 $232,413