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Investments | 6 Months Ended
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Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Investments | NOTE 3 — Investments As of June 30, 2025, the Company is only invested in available-for-sale securities. The Company’s $100 million certificate of deposit previously held by the Company matured and the interest receivable on the certificate of deposit was collected in June 2025. The following tables present the Company’s available-for-sale investments included in the condensed consolidated balance sheets:
$ in thousands |  | June 30, 2025
Current assets |  | Amortized Cost |  | Unrealized Gain (Loss) |  |  |  |  |  | Fair Value
Corporate bonds |  | $ | 18,462 |  |  | $ | (1) |  |  |  |  |  |  | $ | 18,461 |
Commercial paper |  | 28,153 |  |  | — |  |  |  |  |  |  | 28,153 |
U.S. treasuries |  | 72,698 |  |  | 61 |  |  |  |  |  |  | 72,760 |
Total |  | $ | 119,313 |  |  | $ | 60 |  |  |  |  |  |  | $ | 119,374 |
Long-term assets |  | Amortized Cost |  | Unrealized Gain |  |  |  |  |  | Fair Value
Corporate bonds |  | $ | 31,772 |  |  | $ | 64 |  |  |  |  |  |  | $ | 31,836 |
U.S. treasuries |  | 36,958 |  |  | 119 |  |  |  |  |  |  | 37,077 |
Total |  | $ | 68,730 |  |  | $ | 183 |  |  |  |  |  |  | $ | 68,913 |
$ in thousands |  | December 31, 2024
Current assets |  | Amortized Cost |  | Unrealized Gain |  | Fair Value
Corporate bonds |  | $ | 11,006 |  |  | $ | 15 |  |  | $ | 11,021 |
Commercial paper |  | 8,629 |  |  | — |  |  | 8,629 |
U.S. treasuries |  | 58,637 |  |  | 57 |  |  | 58,694 |
Total |  | $ | 78,272 |  |  | $ | 72 |  |  | $ | 78,344 |
Long-term assets |  | Amortized Cost |  | Unrealized Gain |  | Fair Value
U.S. treasuries |  | $ | 22,538 |  |  | $ | 90 |  |  | $ | 22,628 |
Total |  | $ | 22,538 |  |  | $ | 90 |  |  | $ | 22,628 |
The cost of securities sold, if any, is based on the specific-identification method. During the three and six months ended June 30, 2025 and 2024, there were no securities sold. There were no credit losses recognized during the three and six months ended June 30, 2025 and 2024. The Company established no allowances for credit losses as of June 30, 2025 and December 31, 2024. The Company’s long-term avai lable-for-sale investments mature throu gh June 2027.

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