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Investments | 12 Months Ended
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Dec. 31, 2025
Investments, All Other Investments [Abstract] |
Investments | 4. Investments Debt investments for which the Company has the positive intent and ability to hold to maturity are classified as held-to-maturity and reported at historical cost adjusted for amortization of premiums and accretion of discounts. Expected credit losses, if any, are recorded through the establishment of an allowance for credit losses. All of the Company’s held-to-maturity investments are U.S. treasury securities that are guaranteed or otherwise supported by the United States government and have no history of credit losses. Accordingly, the Company does not expect to incur any credit losses on held-to-maturity investments and has no allowance for credit losses recorded for these investments. As of December 31, 2025, all of the Company’s held-to-maturity investments had maturities of one year or less. The following tables summarize the Company’s held-to-maturity investments (in thousands): Schedule of Investment
|  | Amortized Cost, as Adjusted |  |  | Gross Unrealized Holding Gains |  |  | Gross Unrealized Holding Losses |  |  | Estimated Fair Value |
|  | As of December 31, 2025 |
|  | Amortized Cost, as Adjusted |  |  | Gross Unrealized Holding Gains |  |  | Gross Unrealized Holding Losses |  |  | Estimated Fair Value |
U.S. treasury securities |  | $ | 275,794 |  |  | $ | 225 |  |  | $ | — |  |  | $ | 276,019 |
Total |  | $ | 275,794 |  |  | $ | 225 |  |  | $ | — |  |  | $ | 276,019 |
|  | Amortized Cost, as Adjusted |  |  | Gross Unrealized Holding Gains |  |  | Gross Unrealized Holding Losses |  |  | Estimated Fair Value |
|  | As of December 31, 2024 |
|  | Amortized Cost, as Adjusted |  |  | Gross Unrealized Holding Gains |  |  | Gross Unrealized Holding Losses |  |  | Estimated Fair Value |
U.S. treasury securities |  | $ | 212,589 |  |  | $ | 82 |  |  | $ | — |  |  | $ | 212,671 |
Total |  | $ | 212,589 |  |  | $ | 82 |  |  | $ | — |  |  | $ | 212,671 |
The Company’s U.S. treasury securities are classified as Level 2 investments within the fair value hierarchy. These assets have been valued based on quoted prices in active markets for similar assets or other inputs that are observable or can be corroborated by observable market data. There were no changes in valuation techniques or transfers within the fair value hierarchy during the years presented.

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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- References No definition available. + Details
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