v3.26.1
Investments (Tables)
 3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments in short-term marketable debt securities
The fair value and amortized cost of investments in short-term marketable debt securities by major security type as of March 31, 2026 and December 31, 2025 are as follows:
(in thousands)
March 31, 2026
Amortized cost
Gross unrealized gains
Fair value
Eurocommercial Papers
$
29,536 
$
181 
$
29,717 
Certificates of Deposit
29,533 
181 
29,714 
Total
$
59,069
$
362
$
59,431
Of which classified within short-term marketable debt securities
59,069 
362 
59,431 

(in thousands)
December 31, 2025
Amortized cost
Gross unrealized gains
Fair value
Certificates of Deposit
59,166 
285 
59,451 
Total
$
59,166
$
285
$
59,451
Of which classified within short-term marketable debt securities
59,166 
285 
59,451 
Schedule of fair value changes of marketable securities
The following table presents the changes in fair values of the Company’s short-term marketable debt securities, classified as Level 2 financial assets, and recognized in “Accumulated other comprehensive income” for the three months ended March 31, 2026 and 2025, respectively:
(in thousands)
Three Months Ended March 31, 2026
Three Months Ended March 31, 2025
Beginning balance
$
285 
$
5,407 
Other comprehensive income before reclassifications
1,100 
2,913 
Amounts reclassified from accumulated other comprehensive income
(1,023)
(5,669)
Ending balance
$
362
$
2,651