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Investments | 6 Months Ended
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Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract] |
Investments | 5. INVESTMENTS The following table summarizes the Company’s investments held (in thousands):
|  | June 30, 2026 |
|  | Amortized Cost |  |  | Unrealized Holding Gains |  |  | Unrealized Holding Losses |  |  | Fair Value |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
United States treasuries |  | $ | 14,970 |  |  | $ | — |  |  | $ | (1 | ) |  | $ | 14,969 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |
United States treasuries |  |  | 209,557 |  |  |  | — |  |  |  | (471 | ) |  |  | 209,086 |
Long-term investments: |  |  |  |  |  |  |  |  |  |  |  |
United States treasuries |  |  | 154,289 |  |  |  | — |  |  |  | (338 | ) |  |  | 153,951 |
Total financial assets |  | $ | 378,816 |  |  | $ | — |  |  | $ | (810 | ) |  | $ | 378,006 |
|  | December 31, 2025 |
|  | Amortized Cost |  |  | Unrealized Holding Gains |  |  | Unrealized Holding Losses |  |  | Fair Value |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |
United States treasuries |  | $ | 169,662 |  |  | $ | 279 |  |  | $ | — |  |  | $ | 169,941 |
Long-term investments: |  |  |  |  |  |  |  |  |  |  |  |
United States treasuries |  |  | 17,639 |  |  |  | 31 |  |  |  | — |  |  |  | 17,670 |
Total financial assets |  | $ | 187,301 |  |  | $ | 310 |  |  | $ | — |  |  | $ | 187,611 |
As of June 30, 2026, the Company’s investments were in net unrealized loss position of $0.8 million. These amounts are included in other comprehensive income (loss) in the condensed consolidated statements of operations and comprehensive loss. The Company determined that there was no material credit risk associated with its investments as of June 30, 2026. As of June 30, 2026, the Company’s investments had remaining maturities of two years or less. As of December 31, 2025, the Company’s investments were in net unrealized gain position of $0.3 million. These amounts are included in other comprehensive income (loss) in the condensed consolidated statements of operations and comprehensive loss. As of December 31, 2025, there were no investments in an unrealized loss position. The Company determined that there was no material credit risk associated with its investments as of December 31, 2025. As a result, the Company did no t record any charges for credit-related impairments for its investments during the year ended December 31, 2025. As of December 31, 2025, the Company’s investments had remaining maturities of two years or less.

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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