v3.26.1
Marketable Securities
3 Months Ended
Mar. 31, 2026
Marketable Securities  
Marketable Securities

5. Marketable Securities

Marketable securities by security type consisted of the following (in thousands):

March 31, 2026

Amortized
Cost

Gross
Unrealized
Gain

Gross
Unrealized
Loss

Credit Losses

Fair Value

Marketable securities - U.S. Treasury securities

$

44,177

$

2

$

$

$

44,179

December 31, 2025

Amortized
Cost

Gross
Unrealized
Gain

Gross
Unrealized
Loss

Credit Losses

Fair Value

Marketable securities - U.S. Treasury securities

$

42,399

$

54

$

$

$

42,453

The Company purchased a total of approximately $18.3 million of U.S. treasury securities for the three months ended March 31, 2026. The U.S. treasury securities that matured during the three months ended March 31, 2026 were approximately $16.4 million and none were sold before maturity. Interest earned on sales of marketable securities is $0.4 million and $0.3 million for the three months ended March 31, 2026 and 2025, respectively.