v3.26.1
Financial Instruments
12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Financial Instruments Financial Instruments
Marketable securities classified as available-for-sale on December 31, 2025 and 2024 consisted of the following (in thousands):
December 31, 2025
MaturityAmortized CostGross Unrealized GainsGross Unrealized LossesFair Value
U.S. Treasury billsLess than one year$69,439 $58 $(6)$69,491 
December 31, 2024
MaturityAmortized CostGross Unrealized GainsGross Unrealized LossesFair Value
U.S. Treasury billsLess than one year$104,445 $99 $(34)$104,510 
As of December 31, 2025 and 2024, marketable securities that had contractual maturities less than one year are classified as current because management considers these marketable securities to be available for current operations. The Company does not intend to sell its marketable securities and it is not likely that the Company will be required to sell these securities before recovery of their amortized cost basis. There were $69.5 million and $104.5 million of marketable securities classified as available-for-sale as of December 31, 2025 and December 31, 2024, respectively.