| Schedule of Debt Securities, Available-for-Sale |
All of the Company’s debt securities are classified as available-for-sale. The Company’s cash equivalents and investments as of September 30, 2025 and December 31, 2024 consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2025 | | (In thousands) | | Fair Value Level | | Amortized cost (1) | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | | | Cash Equivalents | | Short-term investments | | | | Money market funds | | 1 | | $ | 39,880 | | | $ | — | | | $ | — | | | $ | 39,880 | | | | $ | 39,880 | | | $ | — | | | | | U.S. Treasuries | | 2 | | 1,998 | | | — | | | — | | | 1,998 | | | | — | | | 1,998 | | | | | Commercial paper | | 2 | | 1,995 | | | — | | | (2) | | | 1,993 | | | | — | | | 1,993 | | | | | U.S. Corporate bonds | | 2 | | 3,509 | | | 1 | | | — | | | 3,510 | | | | — | | | 3,510 | | | | | Total cash equivalents and investments | | | | $ | 47,382 | | | $ | 1 | | | $ | (2) | | | $ | 47,381 | | | | $ | 39,880 | | | $ | 7,501 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | (In thousands) | | Fair Value Level | | Amortized cost (1) | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | | | Cash Equivalents | | Short-term investments | | | | Money market funds | | 1 | | $ | 30,754 | | | $ | — | | | $ | — | | | $ | 30,754 | | | | $ | 30,754 | | | $ | — | | | | | U.S. Treasuries | | 2 | | 35,129 | | | 16 | | | — | | | 35,145 | | | | 6,932 | | | 28,213 | | | | | U.S. Government bonds | | 2 | | 5,475 | | | 9 | | | — | | | 5,484 | | | | — | | | 5,484 | | | | | Commercial paper | | 2 | | 11,949 | | | — | | | (6) | | | 11,943 | | | | 9,958 | | | 1,985 | | | | | U.S. Corporate bonds | | 2 | | 42,526 | | | 63 | | | — | | | 42,589 | | | | 1,236 | | | 41,353 | | | | | Total cash equivalents and investments | | | | $ | 125,833 | | | $ | 88 | | | $ | (6) | | | $ | 125,915 | | | | $ | 48,880 | | | $ | 77,035 | | | |
__________________________ (1) The amortized cost of debt securities excludes accrued interest of less than $0.1 million and $0.7 million, respectively, recorded within prepaid expenses and other current assets in the condensed consolidated balance sheets as of September 30, 2025 and December 31, 2024.
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