| Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis |
The Company’s assets measured at fair value on a recurring basis as of June 30, 2026, consisted of the following (in thousands): | | | | | | | | | | | | | | | Fair Value Measurement at June 30, 2026 | | | Total | | Level 1 | | Level 2 | | Level 3 | Assets: | | | | | | | | | | | | | Cash equivalents - money market funds | | $ | 20,414 | | $ | 20,414 | | $ | — | | $ | — | Cash equivalents - US treasury | | | 19,958 | | | — | | | 19,958 | | | — | Short-term investments | | | 263,273 | | | — | | | 263,273 | | | — | Long-term investments | | | 192,247 | | | — | | | 192,247 | | | — | Total | | $ | 495,892 | | $ | 20,414 | | $ | 475,478 | | $ | — |
The Company’s assets measured at fair value on a recurring basis as of December 31, 2025, consisted of the following (in thousands): | | | | | | | | | | | | | | | Fair Value Measurement at December 31, 2025 | | | Total | | Level 1 | | Level 2 | | Level 3 | Assets: | | | | | | | | | | | | | Cash equivalents - money market funds | | $ | 23,780 | | $ | 23,780 | | $ | — | | $ | — | Cash equivalents - commercial paper | | | 5,969 | | | — | | | 5,969 | | | — | Short-term investments | | | 229,696 | | | — | | | 229,696 | | | — | Total | | $ | 259,445 | | $ | 23,780 | | $ | 235,665 | | $ | — |
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| Schedule of Short Term Investments |
Investments with quoted prices as of June 30, 2026, as shown below (in thousands): | | | | | | | | | | | | | | | June 30, 2026 | | | | | Unrealized Gain | | Unrealized Gain | | | | | Amortized Cost | | Unrealized (Loss) Gain | | Credit loss | | Market Value | Original maturities of 1 year or less: | | | | | | | | | | | | | United States treasury securities | | $ | 29,498 | | $ | (27) | | $ | — | | $ | 29,471 | Commercial paper and corporate debt securities | | | 158,153 | | | (147) | | | — | | | 158,006 | Agency debt securities | | | 75,881 | | | (85) | | | — | | | 75,796 | Sub-total | | | 263,532 | | | (259) | | | — | | | 263,273 | Original maturities of over 1 year through 5 years: | | | | | | | | | | | | | Commercial paper and corporate debt securities | | $ | 173,101 | | | (703) | | $ | — | | $ | 172,398 | Agency debt securities | | | 19,885 | | | (36) | | | — | | | 19,849 | Sub-total | | | 192,986 | | | (739) | | | — | | | 192,247 | Total | | $ | 456,518 | | $ | (998) | | $ | — | | $ | 455,520 |
Investments with quoted prices as of December 31, 2025, as shown below (in thousands): | | | | | | | | | | | | | | | December 31, 2025 | | | | | Unrealized Gain | | Unrealized Gain | | | | | | Amortized Cost | | Unrealized (Loss) Gain | | Credit Loss | | Market Value | Original maturities of 1 year or less: | | | | | | | | | | | | | United States treasury securities | | $ | 83,730 | | $ | 62 | | $ | — | | $ | 83,792 | Commercial paper and corporate debt securities | | | 127,934 | | | 41 | | | — | | | 127,975 | Asset backed securities | | | 8,000 | | | 7 | | | — | | | 8,007 | Agency debt securities | | | 9,920 | | | 2 | | | — | | | 9,922 | Total | | $ | 229,584 | | $ | 112 | | $ | — | | $ | 229,696 |
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