v3.25.4
Investments in Securities
12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Investments in Securities

11. Investments in Securities

The Company did not hold any investments in securities as of December 31, 2025. As of December 31, 2024, the cost and fair value of marketable securities was as follows:

 

December 31, 2024

 

 

Amortized Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair Value

 

U.S. Treasury bills

 

$

55,009

 

 

$

190

 

 

$

 

 

$

55,199

 

Municipal bonds

 

 

9,631

 

 

 

38

 

 

 

(351

)

 

 

9,318

 

Corporate/government bonds

 

 

479

 

 

 

33

 

 

 

 

 

 

512

 

Other bonds

 

 

478

 

 

 

34

 

 

 

 

 

 

512

 

 

$

65,597

 

 

$

295

 

 

$

(351

)

 

$

65,541

 

 

 

There was no unrealized gain (loss) on available-for-sale debt securities in 2025. Aggregated unrealized gain (loss) on available-for-sale debt securities of $(56) was recognized in accumulated other comprehensive loss in the Company’s consolidated balance sheets as of December 31, 2024.