As of September 30, 2025, the Company held three U.S. Treasury debt securities that were in an unrealized loss position totaling $5,092, and one U.S Treasury debt security in an unrealized gain position totaling $903, for a net unrealized loss position of $4,189. As of December 31, 2024, the Company held seven U.S. Treasury debt securities that were in an unrealized loss position totaling $37,248. All U.S. Treasury obligations were due to mature in less than one year for the period and year ended September 30, 2025 and December 31, 2024, respectively.

The Company received proceeds of $41.6 million from maturities of marketable securities for the nine months ended September 30, 2025. The Company received proceeds of $23.5 million from maturities of marketable securities for the year ended December 31, 2024. The Company did not realize any gains or losses from maturities of marketable securities for the period ended September 30, 2025 or the year ended December 31, 2024.