Other comprehensive income (loss) consists of two components: unrealized gains or losses on the Company’s available-for-sale marketable investments, non-marketable investments, and gains or losses from foreign currency translation adjustments. Until realized and reported as a component of consolidated net income (loss), these comprehensive income (loss) items accumulate and are included within accumulated other comprehensive income (loss). Unrealized gains and losses on our marketable and non-marketable investments are reclassified from accumulated other comprehensive income (loss) into earnings

when realized upon sale, and are determined based on specific identification of securities sold. Gains and losses from the translation of assets and liabilities denominated in non-U.S. dollar functional currencies are included in accumulated other comprehensive loss.

The following table summarizes the changes in the accumulated balances during the period, and includes information regarding the manner in which the reclassifications out of accumulated other comprehensive loss into earnings affect our condensed consolidated statements of comprehensive income (loss) (in thousands):


	Three Months Ended June 30, 2025								Three Months Ended June 30, 2024
	Marketable Investments		Non-Marketable Investments		Currency Translation Adjustments		Total		Marketable Investments		Non-Marketable Investments		Currency Translation Adjustments		Total
Balance, beginning of the period	$	(723)	$	2,850	$	(5,257)	$	(3,130)	$	(392)	$	—	$	(4,446)	$	(4,838)
Other comprehensive loss before reclassifications:
Unrealized gains — investments	1		—		—		1		145		96		—		241

Foreign currency translation gains (losses)	—		—		6,284		6,284		—		—		(451)		(451)
Income tax effect — benefit (expense)	—		—		—		—		—		—		—		—
Net of tax	1		—		6,284		6,285		145		96		(451)		(210)




Net current-year other comprehensive income (loss)	1		—		6,284		6,285		145		96		(451)		(210)
Balance, end of the period	$	(722)	$	2,850	$	1,027	$	3,155	$	(247)	$	96	$	(4,897)	$	(5,048)


	Six Months Ended June 30, 2025								Six Months Ended June 30, 2024
	Marketable Investments		Non-Marketable Investments		Currency Translation Adjustments		Total		Marketable Investments		Non-Marketable Investments		Currency Translation Adjustments		Total
Balance, beginning of the period	$	(701)	$	2,850	$	(7,992)	$	(5,843)	$	(558)	$	—	$	(2,593)	$	(3,151)
Other comprehensive loss before reclassifications:
Unrealized (losses) gains — investments	(28)		—		—		(28)		311		96		—		407
Foreign currency translation gains (losses)	—		—		9,019		9,019		—		—		(2,308)		(2,308)
Income tax effect — benefit	7		—		—		7		—		—		4		4
Net of tax	(21)		—		9,019		8,998		311		96		(2,304)		(1,897)




Net current-year other comprehensive income (loss)	(21)		—		9,019		8,998		311		96		(2,304)		(1,897)
Balance, end of the period	$	(722)	$	2,850	$	1,027	$	3,155	$	(247)	$	96	$	(4,897)	$	(5,048)