As of December 31, 2025, the Company classified its investments in debt securities as available-for-sale. Debt securities available-for-sale were comprised of highly-liquid investments with minimum “A” rated securities and, as of December 31, 2025, consisted of corporate entity debt securities. The debt securities are reported at fair value with unrealized gains or losses recorded in accumulated other comprehensive income in the Consolidated Statements of Comprehensive Loss.

The Company did not have any available-for-sale investments at December 31, 2024. The following table represents the Company’s available-for-sale investments due within one year by major security type as of December 31, 2025:


	December 31, 2025
(in thousands)	Amortized Cost		Gross Unrealized Gains		Total Fair Value
Corporate Debt Securities	$	13,627	$	4	$	13,631

The Company reviews available-for-sale investments for impairment loss periodically. During the years ended December 31, 2025 and 2024, the Company did not recognize any impairment losses. The fair value for fixed-rate debt securities is based on quoted market prices for the same or similar debt instruments and is classified as Level 2 in the fair value hierarchy. Refer to Note 17 - Fair Value of Financial Instruments for further information.