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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a reconciliation of the Company's warrant liabilities that were classified as Level 3 within the fair value hierarchy for the year ended December 31, 2024:

			Private Warrants						Underwriter Warrants						OTM Warrants						PIPE Warrants						Total
			in thousands
Balance at December 31, 2023			$	476					$	53					$	3,981					$	20,020					$	24,530
Change in fair value of warrant liabilities			55						5						546						4,056						4,662
Warrant Exchange			(531)						(58)						(4,527)						(24,076)						(29,192)
Balance at December 31, 2024			$	—					$	—					$	—					$	—					$	—

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The fair values of the Company's financial assets as of December 31, 2025 and 2024 are shown in the following tables:

			Estimated Fair Value as of December 31, 2025
			Total						Level 1						Level 2						Level 3
			in thousands
Investments:
Corporate			$	266,168					$	—					$	266,168					$	—
U.S. Treasury			181,617						—						181,617						—
States and municipalities			30,146						—						30,146						—
Foreign			32,992						—						32,992						—
Asset-backed securities			32,251						—						32,251						—
Mortgage-backed securities			153,097						—						153,097						—
Common stocks			34,871						34,871						—						—
Total			$	731,142					$	34,871					$	696,271					$	—
			Estimated Fair Value as of December 31, 2024
			Total						Level 1						Level 2						Level 3
			in thousands
Investments:
Corporate			$	231,189					$	—					$	231,189					$	—
U.S. Treasury			145,875						—						145,875						—
States and municipalities			31,585						—						31,585						—
Foreign			21,057						—						21,057						—
Asset-backed securities			23,680						—						23,680						—
Mortgage-backed securities			124,302						—						124,302						—
Common stocks			11,839						11,839						—						—
Total			$	589,527					$	11,839					$	577,688					$	—

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- References

No definition available.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

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

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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