Investments (Tables)

3 Months Ended

Mar. 31, 2026

Investments [Abstract]

Schedule of Investments in Available-for-Sale Securities

The following tables summarize the Company’s investments in available-for-sale securities by significant investment category reported as short-term as of March 31, 2026 (in thousands):

	March 31, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Loss		Estimated Fair Value
U.S. Treasury	$	163,842	$	21	$	(73)	$	163,790
Corporate bonds	15,377		4		(9)		15,371
Commercial paper	17,398		—		—		17,398
Total available-for-sale investments	$	196,617	$	25	$	(82)	$	196,559

The following tables summarize the Company’s investments in available-for-sale securities by significant investment category reported as short-term as of December 31, 2025 (in thousands):

	December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Loss		Estimated Fair Value
U.S. Treasury	$	132,975	$	122	$	—	$	133,097
Corporate bonds	23,164		18		—		23,182
Commercial paper	14,397		—		—		14,397
Total available-for-sale investments	$	170,536	$	140	$	—	$	170,676

Schedule of the Contractual Maturities of Available-for-Sale Securities

The following table summarizes the contractual maturities of the Company’s available-for-sale securities at March 31, 2026 (in thousands):

	March 31, 2026
	Amortized Cost		Fair Value
Mature in less than one year	$	196,617	$	196,559
Total	$	196,617	$	196,559

The following table summarizes the contractual maturities of the Company’s available-for-sale securities at December 31, 2025 (in thousands):

	December 31, 2025
	Amortized Cost		Fair Value
Mature in less than one year	$	170,536	$	170,676
Total	$	170,536	$	170,676

As of March 31, 2026, future payments under these contractual obligations were as follows (in thousands):

Remainder of 2026	$	1,077
2027	1,508
2028	101
Thereafter	4
Total Purchase Obligations	$	2,690