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Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Cash and Cash Equivalents, Money Market Funds and Short-term Investments by Significant Investment Category
The following tables show the Company’s cash and cash equivalents and short-term investments by significant investment category as of December 31, 2025 and 2024 (in thousands):
As of December 31, 2025As of December 31, 2024
Adjusted
Cost
Unrealized
Gains
Unrealized
Losses
Market
Value
Adjusted
Cost
Unrealized
Gains
Unrealized
Losses
Market
Value
Money Market FundsLevel 1$24,811 $— $— $24,811 $54,825 $— $— $54,825 
U.S. Treasury securities Level 28,064 (1)8,065 9,968 — 9,975 
U.S. Government Agency SecuritiesLevel 21,001 — — 1,001 77,769 235 — 78,004 
Corporate debt securitiesLevel 2139,941 26 (42)139,925 196,479 160 (82)196,557 
Total financial assets$173,817 $28 $(43)$173,802 $339,041 $402 $(82)$339,361 

As of December 31, 2025As of December 31, 2024
Classified as:Adjusted
Cost
Unrealized
Gains
Unrealized
Losses
Market
Value
Adjusted
Cost
Unrealized
Gains
Unrealized
Losses
Market
Value
Cash equivalents$28,303 $— $— $28,303 $54,825 $— $— $54,825 
Short-term investments145,514 28 (43)145,499 284,216 402 (82)284,536 
Total$173,817 $28 $(43)$173,802 $339,041 $402 $(82)$339,361 
Schedule of Remaining Contractual Maturities of Company’s Short-term Investments
The following summarizes the remaining contractual maturities of the Company’s short-term investments as of December 31, 2025 (in thousands):
Adjusted Cost Market Value
Mature in 1 year or less$115,920 $115,926 
Mature in 1 to 2 years29,594 29,573 
Total$145,514 $145,499