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Investments (Tables)
9 Months Ended
Sep. 30, 2025
Investments  
Schedule of amortized cost, gross unrealized holding gains and losses included in accumulated other comprehensive income and the fair value of the fixed income securities The amortized cost, gross unrealized holding gains and losses included in accumulated other comprehensive income and the fair value of the fixed income securities as of September 30, 2025 and December 31, 2024 are presented in the tables below (in thousands):

September 30, 2025

    

Amortized

    

Unrealized

    

Unrealized

    

Fair

    

Cost

    

Gains

    

Losses

    

Value

Cash equivalents:

Money market funds

$

20,884

$

$

$

20,884

Cash equivalents

$

20,884

$

$

$

20,884

Available-for-sale investments-short-term:

  

  

  

  

U.S. treasury securities

$

420,331

$

519

$

$

420,850

Available-for-sale investments – short-term

$

420,331

$

519

$

$

420,850

Available-for-sale investments-long-term:

U.S. treasury securities

$

111,710

$

261

$

(16)

$

111,955

Available-for-sale investments – long-term

$

111,710

$

261

$

(16)

$

111,955

December 31, 2024

    

Amortized

    

Unrealized

    

Unrealized

    

Fair

    

Cost

    

Gains

    

Losses

    

Value

Cash equivalents:

Money market funds

$

29,806

$

$

$

29,806

U.S. treasury security

24,835

24,835

Cash equivalents

$

54,641

$

$

$

54,641

Available-for-sale investments-short-term:

  

  

  

  

U.S. treasury securities

$

124,352

$

69

$

(1)

$

124,420

Available-for-sale investments – short-term

$

124,352

$

69

$

(1)

$

124,420

Available-for-sale investments-long-term:

U.S. treasury security

$

25,059

$

9

$

$

25,068

Available-for-sale investments – long-term

$

25,059

$

9

$

$

25,068