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Available-for-Sale Debt Securities
 9 Months Ended
Sep. 30, 2025
Available-for-Sale Debt Securities [Abstract]  
Available-For-Sale Debt Securities

Note 5. Available-For-Sale Debt Securities

 

The following table summarizes available-for sale debt securities held by the Company as of September 30, 2025:

 

   Remaining      Gross   Gross     
   Contractual  Amortized   Unrealized   Unrealized     
   Maturity  Cost   Gains   Losses   Fair Value 
U.S. Treasuries  1 to 5 years  $396,482   $80   $
-
   $396,562 
Corporate debt securities  1 to 9 years   121,476    
-
    (106)   121,370 
Total available-for-sale debt securities     $517,958   $80   $(106)  $517,932 

 

The Company may from time to time sell its available-for-sale debt securities. There were no realized gains or losses on sales of available-for-sale debt securities for the three or nine months ended September 30, 2025. The Company’s investment portfolio includes callable securities that may be called prior to maturity. There were no realized gains or losses on called available-for-sale debt securities for the three and nine months ended September 30, 2025.


The aggregated net unrealized loss on available-for-sale debt securities in the amount of $26 thousand has been recorded in accumulated other comprehensive loss in the Company’s consolidated balance sheet as of September 30, 2025.