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CASH, CASH EQUIVALENTS AND INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Cash and Cash Equivalents [Abstract]  
Schedule of Cash, Cash Equivalents

The following table provides details regarding the Company’s portfolio of cash and cash equivalents (in thousands):

 

 

 

Cost or

 

 

Unrealized

 

 

Aggregate

 

Cash and Cash Equivalents Classification

 

Amortized Cost

 

 

Gains

 

 

(Losses)

 

 

Fair Value

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Cash accounts in banking institutions

 

$

110,892

 

 

$

—

 

 

$

—

 

 

$

110,892

 

US Government bonds

 

$

26,479

 

 

 

—

 

 

 

—

 

 

$

26,479

 

Money market accounts

 

 

982

 

 

 

—

 

 

 

—

 

 

 

982

 

 

 

$

138,353

 

 

$

—

 

 

$

—

 

 

$

138,353

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Cash accounts in banking institutions

 

$

96,318

 

 

$

—

 

 

$

—

 

 

$

96,318

 

Money market accounts

 

 

2,662

 

 

 

—

 

 

 

—

 

 

 

2,662

 

 

 

$

98,980

 

 

$

—

 

 

$

—

 

 

$

98,980

 
Schedule of Investments

The following table provides details regarding the Company’s portfolio of short-term investments (in thousands):

 

 

 

Cost or

 

 

Unrealized

 

 

Aggregate

 

Short-term Investments Classification

 

Amortized Cost

 

 

Gains

 

 

(Losses)

 

 

Fair Value

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

453,812

 

 

$

1,592

 

 

$

(6

)

 

$

455,398

 

Marketable equity securities (1)

 

 

4,677

 

 

 

3,943

 

 

 

(14

)

 

 

8,606

 

 

 

$

458,489

 

 

$

5,535

 

 

$

(20

)

 

$

464,004

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

392,778

 

 

$

758

 

 

$

—

 

 

$

393,536

 

Marketable equity securities (1)

 

 

142

 

 

 

12

 

 

 

—

 

 

 

154

 

 

 

$

392,920

 

 

$

770

 

 

$

—

 

 

$

393,690

 

(1)
Changes in aggregate fair value recorded in other income (loss), net on the Consolidated Statements of Income.

The following table provides details regarding the Company’s portfolio of long-term investments (in thousands):

 

 

 

Cost or

 

 

Unrealized

 

 

Aggregate

 

Long-term Investments Classification

 

Amortized Cost

 

 

Gains

 

 

(Losses)

 

 

Fair Value

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

351,125

 

 

$

1,873

 

 

$

(11

)

 

$

352,987

 

 

 

$

351,125

 

 

$

1,873

 

 

$

(11

)

 

$

352,987

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

 

434,766

 

 

 

1,302

 

 

 

(595

)

 

$

435,473

 

 

 

$

434,766

 

 

$

1,302

 

 

$

(595

)

 

$

435,473

 

 

As of December 31, 2025, 100% of the Company's long-term U.S. Government bonds had maturities between one and three years.