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Marketable Securities | 6 Months Ended
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Jun. 30, 2026
Marketable Securities [Abstract] |
Marketable Securities | 3. Marketable Securities Marketable securities consisted of available-for-sale securities as follows (in thousands):
|  | As of June 30, 2026 |
|  |  |  |  |  |  |  |  |  |  | Estimated |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gain |  |  | Loss |  |  | Value |
Short-term marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 46,720 |  |  | $ | 41 |  |  | $ | — |  |  | $ | 46,761 |
U.S. Treasury securities |  |  | 88,313 |  |  |  | — |  |  |  | (51 | ) |  |  | 88,262 |
U.S. government agency debt securities |  |  | 4,000 |  |  |  | — |  |  |  | (7 | ) |  |  | 3,993 |
Total short-term marketable securities |  | $ | 139,033 |  |  | $ | 41 |  |  | $ | (58 | ) |  | $ | 139,016 |
Long-term marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 31,168 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 31,182 |
U.S. Treasury securities |  |  | 21,981 |  |  |  | — |  |  |  | (59 | ) |  |  | 21,922 |
U.S. government agency debt securities |  |  | 2,999 |  |  |  | — |  |  |  | (5 | ) |  |  | 2,994 |
Total long-term marketable securities |  | $ | 56,148 |  |  | $ | 14 |  |  | $ | (64 | ) |  | $ | 56,098 |
|  | As of December 31, 2025 |
|  |  |  |  |  |  |  |  |  |  | Estimated |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gain |  |  | Loss |  |  | Value |
Short-term marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 31,874 |  |  | $ | 102 |  |  | $ | — |  |  | $ | 31,976 |
U.S. Treasury securities |  |  | 33,296 |  |  |  | 123 |  |  |  | — |  |  |  | 33,419 |
Total short-term marketable securities |  | $ | 65,170 |  |  | $ | 225 |  |  | $ | — |  |  | $ | 65,395 |
Long-term marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 50,341 |  |  | $ | 177 |  |  | $ | — |  |  | $ | 50,518 |
U.S. Treasury securities |  |  | 6,022 |  |  |  | 32 |  |  |  | — |  |  |  | 6,054 |
U.S. government agency debt securities |  |  | 2,999 |  |  |  | 1 |  |  |  | — |  |  |  | 3,000 |
Total long-term marketable securities |  | $ | 59,362 |  |  | $ | 210 |  |  | $ | — |  |  | $ | 59,572 |
The Company had no realized gains or losses recognized on the sale or maturity of marketable securities during the three and six months ended June 30, 2026 and 2025. To date, the Company has not recognized any allowances for credit losses or impairments in relation to its available-for-sale marketable securities as these marketable securities are comprised of high credit quality, investment grade securities that the Company does not intend or expect to be required to sell prior to their anticipated recovery, and any decline in fair value of these securities is attributable to factors other than credit losses. All marketable securities with unrealized losses presented in the previous tables have been in a continuous unrealized loss position for less than 12 months or the loss is not material. The Company determined credit losses related to marketable securities were immaterial for the three and six months ended June 30, 2026 and 2025. As of June 30, 2026, the Company’s long-term marketable securities have contractual maturity dates between one and two years.

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- Definition The entire disclosure for investment in debt and equity securities and other assets at fair value and held for trading. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/942-320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 940 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/940-320/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph b -Publisher SEC Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-10 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B + Details
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