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Marketable Securities (Tables) | 6 Months Ended
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Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract] |
Schedule of reconciliation of available-for-sale debt securities from amortized cost to fair value | The amortized cost, gross unrealized holding gains, gross unrealized holding losses and fair value of debt securities available-for-sale by type of security at June 30, 2026 and December 31, 2025 were as follows:
|  | Amortized Cost |  | Allowance for Credit Losses |  | Net Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
June 30, 2026 |  |  |  |  |  |  |  |  |  |  |  |
Debt securities |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury bills |  | $ | 134,413 |  |  | $ | — |  |  | $ | 134,413 |  |  | $ | 2 |  |  | $ | (2) |  |  | $ | 134,413 |
Total |  | $ | 134,413 |  |  | $ | — |  |  | $ | 134,413 |  |  | $ | 2 |  |  | $ | (2) |  |  | $ | 134,413 |
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Debt securities |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury bills |  | 114,109 |  |  | — |  |  | 114,109 |  |  | 61 |  |  | — |  |  | 114,170 |
Total |  | $ | 114,109 |  |  | $ | — |  |  | $ | 114,109 |  |  | $ | 61 |  |  | $ | — |  |  | $ | 114,170 |
The fair values of debt securities available-for-sale by classification in the condensed consolidated balance sheets were as follows:
|  | June 30, 2026 |  | December 31, 2025 |  |
Cash and cash equivalents |  | $ | 104,580 |  |  | $ | 24,990 |  |  |
Marketable securities |  | 29,833 |  |  | 89,180 |  |  |
Total |  | $ | 134,413 |  |  | $ | 114,170 |  |  |
Schedule of available-for-sale debt securities by contractual maturity | The net amortized cost and fair value of debt securities available-for-sale at June 30, 2026 and December 31, 2025 are shown below by contractual maturity. Actual maturities may differ from contractual maturities because securities may be restructured, called or prepaid, or if the Company intends to sell a security prior to maturity.
|  | June 30, 2026 |  | December 31, 2025
|  | Net Amortized Cost |  | Fair Value |  | Net Amortized Cost |  | Fair Value
Due to mature: |  |  |  |  |  |  |  |
Less than one year |  | $ | 134,413 |  |  | $ | 134,413 |  |  | $ | 114,109 |  |  | $ | 114,170 |
Summary of debt securities available-for-sale in an unrealized loss position, aggregated by the length of time | Summarized below are the debt securities available-for-sale the Company held at June 30, 2026 that were in an unrealized loss position, aggregated by the length of time the investments have been in that position:
|  | Less than 12 months
|  | Number of Securities |  | Fair Value |  | Unrealized Losses
June 30, 2026 |  |  |  |  |  |
Debt securities |  |  |  |  |  |
U.S. treasury bills |  | 4 |  |  | $ | 59,794 |  |  | $ | (2) |
Schedule of net investment income | Net investment income included in other (expense) income, net in the condensed consolidated statements of operations and comprehensive loss for the three and six months ended June 30, 2026 and 2025 was as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Debt securities |  | $ | 1,239 |  |  | $ | 3,076 |  |  | $ | 2,801 |  |  | $ | 6,304 |
Other investments |  | 1,468 |  |  | 1,122 |  |  | 3,181 |  |  | 2,133 |
Gross investment income |  | 2,707 |  |  | 4,198 |  |  | 5,982 |  |  | 8,437 |
Investment expenses |  | (24) |  |  | (45) |  |  | (50) |  |  | (78) |
Net investment income |  | $ | 2,683 |  |  | $ | 4,153 |  |  | $ | 5,932 |  |  | $ | 8,359 |

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