XML 44 R10.htm IDEA: XBRL DOCUMENT v3.25.1
MARKETABLE SECURITIES
 3 Months Ended
Mar. 31, 2025
Cash and Cash Equivalents [Abstract]  
Marketable Securities MARKETABLE SECURITIES
The Company has elected the fair value option for its marketable debt securities and records these instruments on the Condensed Consolidated Balance Sheet at their fair value including interest income. Changes in fair value and interest income are recorded in Other income in the Condensed Consolidated Statements of Operations and Comprehensive Income. The fair value option was elected for these marketable debt securities, as the Company may sell them prior to their stated maturities after consideration of the Company’s risk versus reward objectives, as well as its liquidity requirements. The stated contractual maturity dates of marketable debt securities held as of March 31, 2025 and December 31, 2024 are due within one year. Marketable equity securities are measured at fair value as of each reporting date, and realized and unrealized gains (losses) and interest income are recorded in Other income in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).
The following table summarizes the Company’s marketable securities by significant investment categories:
 Cost BasisGross Unrealized LossesGross Unrealized GainsFair Value
March 31, 2025
Marketable debt securities(1)
$73,227 $— $768 $73,995 
Marketable equity securities28,159 (12,516)— 15,643 
Total marketable securities $101,386 $(12,516)$768 $89,638 
December 31, 2024
Marketable debt securities(1)
$63,590 $— $475 $64,065 
Marketable equity securities28,159 (11,370)— 16,789 
Total marketable securities$91,749 $(11,370)$475 $80,854 
(1)     Marketable debt securities are comprised primarily of U.S. Treasury Bills and Government Agency Bonds.