XML 21 R10.htm IDEA: XBRL DOCUMENT
v3.26.1

Marketable Securities | 3 Months Ended
--- | ---
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract] |
Marketable Securities | Marketable Securities The fair value of available-for-sale marketable securities by type of security was as follows (in thousands):
|  | March 31, 2026
|  | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Marketable Securities: |  |  |  |  |  |  |  |
U.S. Treasury Bills |  | $ | 163,516 |  |  | $ | 2 |  |  | $ | (74) |  |  | $ | 163,444 |
Total marketable securities with original maturity of one year or less |  | 163,516 |  |  | 2 |  |  | (74) |  |  | 163,444 |
U.S. Treasury Bills |  | 53,018 |  |  | — |  |  | (171) |  |  | 52,847 |
Total marketable securities with original maturity of one to two years |  | 53,018 |  |  | — |  |  | (171) |  |  | 52,847 |
Total marketable securities |  | $ | 216,534 |  |  | $ | 2 |  |  | $ | (245) |  |  | $ | 216,291 |
|  | December 31, 2025
|  | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Marketable Securities: |  |  |  |  |  |  |  |
U.S. Treasury Bills |  | $ | 233,672 |  |  | $ | 146 |  |  | $ | — |  |  | $ | 233,818 |
Total marketable securities with original maturity of one year or less |  | 233,672 |  |  | 146 |  |  | — |  |  | 233,818 |
U.S. Treasury Bills |  | 84,201 |  |  | 97 |  |  | — |  |  | 84,298 |
Total marketable securities with original maturity of one to two years |  | 84,201 |  |  | 97 |  |  | — |  |  | 84,298 |
Total marketable securities |  | $ | 317,873 |  |  | $ | 243 |  |  | $ | — |  |  | $ | 318,116 |
The following table summarizes the Company's available-for-sale securities in an unrealized loss position, aggregated by type and length of time in a continuous unrealized position (in thousands):
|  | March 31, 2026
|  | Less than 12 Months |  | 12 Months or Longer |  | Total
|  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Marketable Securities: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury Bills |  | $ | 156,241 |  |  | $ | (245) |  |  | $ | — |  |  | $ | — |  |  | $ | 156,241 |  |  | $ | (245) |
Total |  | $ | 156,241 |  |  | $ | (245) |  |  | $ | — |  |  | $ | — |  |  | $ | 156,241 |  |  | $ | (245) |
As summarized in the tables immediately above, the Company held eleven debt securities that were in an unrealized loss position as of March 31, 2026. The unrealized losses at March 31, 2026 were attributable to changes in interest rates and do not represent credit losses. The Company does not intend to sell these securities, and it is not more likely than not that it will be required to sell them before recovery of their amortized cost basis. The Company held no debt securities that were in an unrealized loss position as of December 31, 2025.

X
- 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
Name: | us-gaap_InvestmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration