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Marketable Investments (Tables) | 9 Months Ended
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Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Summary of Company's marketable investments | The following table summarizes the Company’s marketable investments (in thousands):
|  | As of September 30, 2025 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Market |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Corporate obligations |  | $ | 18,229 |  |  | $ | 81 |  |  | $ | (1 | ) |  | $ | 18,309 |
Federal agency obligations |  |  | 1,492 |  |  |  | — |  |  |  | (3 | ) |  |  | 1,489 |
Money market funds |  |  | 47,033 |  |  |  | — |  |  |  | — |  |  |  | 47,033 |
Total |  | $ | 66,754 |  |  | $ | 81 |  |  | $ | (4 | ) |  | $ | 66,831 |
|  | As of December 31, 2024 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Market |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Corporate obligations |  | $ | 12,140 |  |  | $ | 46 |  |  | $ | (6 | ) |  | $ | 12,180 |
Money market funds |  |  | 36,402 |  |  |  | — |  |  |  | — |  |  |  | 36,402 |
Total |  | $ | 48,542 |  |  | $ | 46 |  |  | $ | (6 | ) |  | $ | 48,582 |
Summarizes the maturity periods of the marketable investments | The following table summarizes the maturity periods of the marketable investments in the Company’s portfolio as of September 30, 2025 (in thousands).
|  | FY 2025 |  |  | FY 2026 |  |  | FY 2027 |  |  | FY 2028 |  |  | Total |
Corporate obligations |  | $ | 1,620 |  |  | $ | 8,037 |  |  | $ | 4,798 |  |  | $ | 3,854 |  |  | $ | 18,309 |
Federal agency obligations |  |  | 992 |  |  |  | — |  |  |  | 497 |  |  |  | — |  |  |  | 1,489 |
Money market funds |  |  | 47,033 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 47,033 |
Total |  | $ | 49,645 |  |  | $ | 8,037 |  |  | $ | 5,295 |  |  | $ | 3,854 |  |  | $ | 66,831 |
Unrealized Losses on Debt Investments | The following table shows the gross unrealized losses and market value of the Company’s available-for-sale securities with unrealized losses that are not deemed to be other-than-temporary, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position (in thousands):
|  | As of September 30, 2025 |
|  | Less Than 12 Months |  |  | 12 Months or Greater |
|  | Market |  |  | Unrealized |  |  | Market |  |  | Unrealized |
|  | Value |  |  | Losses |  |  | Value |  |  | Losses |
Corporate obligations |  | $ | 1,119 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |
Federal agency obligations |  |  | 497 |  |  |  | 3 |  |  |  | — |  |  |  | — |
Total |  | $ | 1,616 |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |
|  | As of December 31, 2024 |
|  | Less Than 12 Months |  |  | 12 Months or Greater |
|  | Market |  |  | Unrealized |  |  | Market |  |  | Unrealized |
|  | Value |  |  | Losses |  |  | Value |  |  | Losses |
Corporate obligations |  | $ | 803 |  |  | $ | 4 |  |  | $ | 997 |  |  | $ | 2 |
Total |  | $ | 803 |  |  | $ | 4 |  |  | $ | 997 |  |  | $ | 2 |

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