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Cash, Cash Equivalents and Marketable Securities (Tables)

3 Months Ended

Mar. 31, 2026

A summary of cash, cash equivalents and marketable securities held by the Company as at March 31, 2026 and December 31, 2025 is as follows:


	As at March 31, 2026
(In thousands of USD)	Amortized Cost		Unrealized gains		Unrealized losses			Fair Value
Cash and cash equivalents:
Cash		193,871		—		—			193,871
Money market funds (Level 1)		263,736		—		—			263,736
Total cash and cash equivalents		457,607		—		—			457,607
Marketable securities
US government securities due within one year (Level 1)		147,132		61		(61	)		147,132
US government agency securities due within one year (Level 2)		31,389		2		(25	)		31,366
US government securities due between one and two years (Level 1)		53,597		11		(146	)		53,462
US government agency securities due between one and two years (Level 2)		17,820		—		(43	)		17,777
Total marketable securities		249,938		74		(275	)		249,737


	As at December 31, 2025
(In thousands of USD)	Amortized Cost		Unrealized gains		Unrealized losses			Fair Value
Cash and cash equivalents:
Cash		219,394		—		—			219,394
Money market funds (Level 1)		270,608		—		—			270,608
Total cash and cash equivalents		490,002		—		—			490,002
Marketable securities
US government securities due within one year (Level 1)		138,083		206		—			138,289
US government agency securities due within one year (Level 2)		7,946		5		(1	)		7,950
US government securities due between one and two years (Level 1)		70,701		131		(2	)		70,830
US government agency securities due between one and two years (Level 2)		21,747		33		(1	)		21,779
Total marketable securities		238,477		375		(4	)		238,848