The amortized costs, unrealized gains and losses, and estimated fair values of the Company’s cash equivalents and marketable securities were as follows (in thousands):


	As of March 31, 2026
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value
Cash equivalents:
Money market funds	$	25,189	$	—	$	—	$	25,189
Corporate bonds	3,676		—		(1)		3,675
Commercial paper	1,349		—		—		1,349
Total cash equivalents	30,214		—		(1)		30,213
Marketable securities:
Certificates of deposit	2,178		—		(1)		2,177
Commercial paper	3,048		—		(2)		3,046
Corporate bonds	262,330		391		(365)		262,356
U.S. Treasury securities	10,971		11		(21)		10,961

Asset-backed securities	38,392		81		(9)		38,464
Total marketable securities	316,919		483		(398)		317,004
Total	$	347,133	$	483	$	(399)	$	347,217


	As of December 31, 2025
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value
Cash equivalents:
Money market funds	$	29,023	$	—	$	—	$	29,023


Total cash equivalents	29,023		—		—		29,023
Marketable securities:
Certificates of deposit	905		—		—		905
Commercial paper	1,862		1		—		1,863
Corporate bonds	286,553		1,048		(15)		287,586
U.S. Treasury securities	6,720		36		—		6,756

Asset-backed securities	44,147		172		—		44,319
Total marketable securities	340,187		1,257		(15)		341,429
Total	$	369,210	$	1,257	$	(15)	$	370,452

All marketable securities are designated as available-for-sale securities as of March 31, 2026 and December 31, 2025. No investments had been in an unrealized loss position for greater than 12 months as of March 31, 2026 and December 31, 2025.


	As of March 31, 2026
	Amortized Cost		Estimated Fair Value
Due within one year	$	109,974	$	110,152
Due after one to three years	206,945		206,852
Total	$	316,919	$	317,004


	As of December 31, 2025
	Amortized Cost		Estimated Fair Value
Due within one year	$	113,832	$	114,172
Due after one to three years	226,355		227,257
Total	$	340,187	$	341,429