v3.26.1
Investments (Tables)
 3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of available-for-sale investments

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

 
Schedule of Maturities of Company's Investment

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