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Available-for-Sale Debt Securities
 12 Months Ended
Dec. 31, 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 December 31, 2025:

 

   Remaining      Gross   Gross     
   Contractual  Amortized   Unrealized   Unrealized     
   Maturity  Cost   Gains   Losses   Fair Value 
U.S. Treasuries  < 1 year  $274,232   $117   $
-
   $274,349 
   1 - 3 years   151,844    253    
-
    152,097 
   3 - 5 years   
-
    
-
    
-
    
-
 
Corporate debt securities  < 1 year   104,890    182    
-
    105,072 
   1 - 3 years   244,250          361    
-
    244,611 
   3 - 5 years   6,421    
-
            (8)   6,413 
Total available-for-sale debt securities     $781,637   $913   $(8)  $782,542 

 

The Company may from time to time sell its available-for-sale debt securities. There were $7 thousand in realized gains on sales of available-for-sale debt securities for the year ended December 31, 2025. The Company’s investment portfolio includes callable securities that may be called prior to maturity.

 

The aggregated net unrealized gain on available-for-sale debt securities in the amount of $905 thousand has been recognized in accumulated other comprehensive loss in the Company’s consolidated balance sheet as of December 31, 2025.

 

As of December 31, 2024, the Company held no available-for-sale debt securities and therefore there were no amounts reclassified out of other comprehensive income (loss), net of tax during the year ended December 31, 2025.