Fair Value Measurements and Marketable Equity Securities (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2026 and December 31, 2025 (in thousands):


						Fair Value Measurement at Reporting Date Using
		March 31, 2026				Quoted Price in Active Market for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets
Marketable equity securities		$	117,902			$	117,902			$	—			$	—
Liabilities
Holdback liability			3,817				3,817				—				—


						Fair Value Measurement at Reporting Date Using
		December 31, 2025				Quoted Price in Active Market for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets
Marketable equity securities		$	150,211			$	150,211			$	—			$	—
Liabilities
Holdback liability		$	4,984			$	4,984			$	—			$	—

Schedule of Portion of Unrealized Gains and Losses Relate to Marketable Equity Securities

The following summarizes the portion of unrealized gains and losses recorded during the three months ended March 31, 2026 and 2025 that relate to marketable equity securities held as of March 31, 2026 and 2025 (in thousands).


		Three Months Ended March 31,
		2026				2025
Net loss during the period on marketable equity securities		$	32,309			$	31,805
Less: Net gain recognized during the period on marketable equity securities sold during the period		$	—				(3,264	)
Unrealized loss recognized during the period on marketable equity securities still held at the reporting date		$	32,309			$	35,069