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Fair value of financial instruments and marketable securities - (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of marketable securities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Ending

​

​

​

​

Foreign

​

​

​

​

​

​

​

Ending

​

​

Balance at

​

​

​

​

Currency

​

​

​

​

​

​

​

Balance at

​

​

December 31,

​

Unrealized

​

Unrealized

​

Investments

​

Redemptions/

​

March 31,

​

2024

Gain/(Loss)

Gain

Purchased

Sale

2025

Marketable securities - equity investments

​

$

29,034

​

​

774

​

​

2,066

​

​

5,209

​

​

(8,896)

​

​

28,187

ClearPoint Equity Investments

​

​

13,759

​

​

(3,122)

​

​

—

​

​

—

​

​

—

​

​

10,637

Total Fair Value

​

$

42,793

​

$

(2,348)

​

$

2,066

​

$

5,209

​

$

(8,896)

​

$

38,824

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Ending

​

​

​

​

Foreign

​

​

​

​

​

​

​

Ending

​

​

Balance at

​

​

​

​

Currency

​

​

​

​

​

​

​

Balance at

​

​

December 31,

​

Unrealized

​

Unrealized

​

Investments

​

Redemptions/

​

March 31,

​

2023

Gain

​

Loss

Purchased

Sale

2024

Marketable securities - equity investments

​

$

22,634

​

​

710

​

​

(823)

​

​

9,065

​

​

(1,207)

​

$

30,379

ClearPoint Equity Investments

​

​

6,074

​

​

9

​

​

—

​

​

—

​

​

—

​

​

6,083

ClearPoint convertible debt security

​

​

12,553

​

​

166

​

​

—

​

​

—

​

​

—

​

​

12,719

Total Fair Value

​

$

41,261

​

$

885

​

$

(823)

​

$

9,065

​

$

(1,207)

​

$

49,181

Schedule of financial assets and liabilities that are required to be measured at fair value on a recurring basis

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2025

​

​

​

Quoted prices

Significant

​

​

​

​

​

​

in active

other

Significant

​

​

​

​

markets for

observable

unobservable

​

​

​

​

identical assets

inputs

inputs

​

Total

(level 1)

(level 2)

(level 3)

Marketable securities - available for sale

​

$

518,763

​

$

—

​

$

518,763

​

$

—

Marketable securities - equity investments

​

$

28,187

​

$

28,187

​

$

—

​

$

—

ClearPoint Equity Investments

​

$

10,637

​

$

10,637

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2024

​

​

​

Quoted prices

Significant

​

​

​

​

​

​

in active

other

Significant

​

​

​

​

markets for

observable

unobservable

​

​

​

​

identical assets

inputs

inputs

​

Total

(level 1)

(level 2)

(level 3)

Marketable securities - available for sale

​

$

330,953

​

$

—

​

$

330,953

​

$

—

Marketable securities - equity investments

​

$

29,034

​

$

29,034

​

$

—

​

$

—

ClearPoint Equity Investments

​

$

13,759

​

$

13,759

​

$

—

​

$

—

Contingent consideration payable- net sales milestones

​

$

800

​

$

—

​

$

—

​

$

800

​

Summary of marketable securities accounted for as available-for-sale debt securities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2025

​

Amortized

Gross Unrealized

​

​

​

​

Cost

Gains

Losses

Fair Value

Commercial paper

​

$

102,613

​

$

22

​

$

(7)

​

$

102,628

Corporate debt securities

​

​

182,951

​

​

52

​

​

(47)

​

​

182,956

Government obligations

​

​

233,018

​

​

161

​

​

—

​

​

233,179

Total

​

$

518,582

​

$

235

​

$

(54)

​

$

518,763

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2024

​

Amortized

Gross Unrealized

​

​

​

​

Cost

Gains

Losses

Fair Value

Commercial paper

​

$

44,780

​

$

—

​

$

(1)

​

$

44,779

Corporate debt securities

​

89,320

​

​

76

​

​

(75)

​

​

89,321

Government obligations

​

​

196,584

​

​

269

​

​

—

​

​

196,853

Total

​

$

330,684

​

$

345

​

$

(76)

​

$

330,953

​

Summary of unrealized losses and fair values of available-for-sale debt securities in a continuous unrealized loss position

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2025

​

Securities in an unrealized loss

Securities in an unrealized loss

​

​

​

​

​

​

position less than 12 months

position greater than or equal to 12 months

​

Total

​

Unrealized losses

Fair Value

Unrealized losses

Fair Value

Unrealized losses

Fair Value

Commercial paper

​

$

(7)

​

​

33,667

​

​

—

​

​

—

​

​

(7)

​

$

33,667

Corporate debt securities

​

$

(47)

​

​

91,351

​

​

—

​

​

—

​

​

(47)

​

$

91,351

Total

​

$

(54)

​

$

125,018

​

$

—

​

$

—

​

$

(54)

​

$

125,018

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2024

​

Securities in an unrealized loss

Securities in an unrealized loss

​

​

​

​

​

​

position less than 12 months

position greater than or equal to 12 months

​

Total

​

Unrealized losses

Fair Value

Unrealized losses

Fair Value

Unrealized losses

Fair Value

Commercial paper

​

$

(1)

​

​

29,810

​

​

—

​

​

—

​

​

(1)

​

$

29,810

Corporate debt securities

​

$

(75)

​

​

59,550

​

​

—

​

​

—

​

​

(75)

​

$

59,550

Total

​

$

(76)

​

$

89,360

​

$

—

​

$

—

​

$

(76)

​

$

89,360

Schedule of available-for-sale debt securities

​

​	​	​	​	​	​	​
​	​	March 31, 2025
​		Less Than			More Than
​		12 Months			12 Months
Commercial paper	​	$	102,628	​	$	—
Corporate debt securities	​	​	182,956	​	​	—
Government obligations	​	​	233,179	​	​	—
Total	​	$	518,763	​	$	—

​

​	​	​	​	​	​	​
​	​	December 31, 2024
​		Less Than			More Than
​		12 Months			12 Months
Commercial paper	​	$	44,779	​	$	—
Corporate debt securities	​		89,321	​		—
Government obligations	​	​	196,853	​	​	—
Total	​	$	330,953	​	$	—

​

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

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-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

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Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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+ References

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-Topic 326
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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

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