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MARKETABLE SECURITIES
3 Months Ended
Mar. 31, 2026
Marketable Securities [Abstract]  
MARKETABLE SECURITIES MARKETABLE SECURITIES
The composition of our short-term and long-term marketable securities as of March 31, 2026 and December 31, 2025 were as follows:
March 31, 2026
(In thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Short-term:
Municipal bonds$8,670 $— $(3)$8,667 
Corporate debt securities5,572 — (5)5,567 
Commercial paper49,350 — (33)49,317 
Government, federal agency, and other sovereign obligations5,349 (1)5,350 
Total short-term marketable securities$68,941 $$(42)$68,901 
Long-term:
Municipal bonds$3,600 $$(6)$3,595 
Corporate debt securities76,858 — (451)76,407 
Asset-backed securities60,519 (236)60,285 
Government, federal agency, and other sovereign obligations29,243 (99)29,150 
Total long-term marketable securities$170,220 $$(792)$169,437 
December 31, 2025
(In thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Short-term:
Municipal bonds$5,943 $$— $5,947 
Corporate debt securities4,180 — 4,181 
Commercial paper15,622 — 15,627 
Government, federal agency, and other sovereign obligations5,323 — 5,332 
Total short-term marketable securities$31,068 $19 $— $31,087 
Long-term:
Municipal bonds$3,600 $$— $3,609 
Corporate debt securities33,187 61 (2)33,246 
Asset-backed securities19,151 31 (4)19,178 
Government, federal agency, and other sovereign obligations15,742 44 — 15,786 
Total long-term marketable securities$71,680 $145 $(6)$71,819 
The short-term marketable securities have effective maturity dates of less than one year and the long-term marketable securities have effective maturity dates ranging from one to three years as of March 31, 2026 and December 31, 2025, respectively.