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Investments in Marketable Securities (Tables)
3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Debt Securities, Available-for-Sale
All of the Company’s debt securities are classified as available-for-sale. The Company’s cash equivalents and investments as of March 31, 2026 and December 31, 2025 consisted of the following:
March 31, 2026
(In thousands)Fair Value Level
Amortized cost
Gross Unrealized GainsGross Unrealized LossesEstimated Fair ValueCash EquivalentsShort-term investments
Money market funds1$1,648 $— $— $1,648 $1,648 $— 
Commercial paper218,157 — (9)18,148 4,993 13,155 
Total cash equivalents and investments$19,805 $— $(9)$19,796 $6,641 $13,155 
December 31, 2025
(In thousands)Fair Value Level
Amortized cost
Gross Unrealized GainsGross Unrealized LossesEstimated Fair ValueCash EquivalentsShort-term investments
Money market funds1$18,602 $— $— $18,602 $18,602 $— 
Commercial paper223,397 (1)23,397 16,425 6,972 
U.S. Corporate bonds23,503 — 3,504 — 3,504 
Total cash equivalents and investments$45,502 $$(1)$45,503 $35,027 $10,476