The Company's available-for-sale investments consisted of the following (in thousands):


	As of March 31, 2026
	Amortized Cost		Unrealized Gain		Unrealized Losses			Estimated Fair Value
Investments:
U.S. agency bonds		110,836		74		(6	)		110,904
Total	$	110,836	$	74	$	(6	)	$	110,904

	As of December 31, 2025
	Amortized Cost		Unrealized Gain		Unrealized Losses			Estimated Fair Value
Investments:
U.S. agency bonds		153,426		330		—			153,756
Total	$	153,426	$	330	$	—		$	153,756

The following table summarizes the maturities of the Company's investments at March 31, 2026:


(in thousands)	Amortized Cost		Estimated Fair Value
Due in one year or less	$	95,126	$	95,176
Due in one to two years		14,694		14,712
Due in two to three years		1,016		1,016
Total	$	110,836	$	110,904

The Company has determined that there were no material declines in the fair value of its investments due to credit-related factors as of March 31, 2026 or December 31, 2025.