The Company is currently invested in available-for-sale securities. The following tables present the Company’s available-for-sale investments included in the condensed consolidated balance sheets:


$ in thousands	March 31, 2026
Current assets	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Corporate bonds	$	38,341	$	34	$	(6)	$	38,369
Commercial paper	4,990		—		—		4,990
U.S. treasuries	131,441		73		(6)		131,508
Total	$	174,772	$	107	$	(12)	$	174,867

Long-term assets	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Corporate bonds	$	5,346	$	2	$	(7)	$	5,341

U.S. treasuries	4,930		9		—		4,939
Total	$	10,276	$	11	$	(7)	$	10,280


$ in thousands	December 31, 2025
Current assets	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Corporate bonds	$	32,195	$	57	$	—	$	32,252
Commercial paper	23,423		—		—		23,423
U.S. treasuries	82,618		169		—		82,787
Total	$	138,236	$	226	$	—	$	138,462

Long-term assets	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Corporate bonds	$	25,724	137		—		$	25,861

U.S. treasuries	12,311		$	70	—		12,381
Total	$	38,035	$	207	$	—	$	38,242

The cost of securities sold, if any, is based on the specific-identification method. During the three months ended March 31, 2026 and 2025, there were no securities sold. There were no credit losses recognized during the three months ended March 31, 2026 and 2025. The Company established no allowances for credit losses as of March 31, 2026 and December 31, 2025. The Company’s long-term available-for-sale investments mature through June 2027.