v3.26.1
Marketable Investment Securities (Tables)
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Marketable Securities
Marketable investment securities consisted of the following (in thousands):
June 30, 2026December 31, 2025
Current marketable investment securities:
Equity securities$6,814 $5,555 
Debt securities - AFS197,875 171,631 
Debt securities - HTM
— 5,590 
Total current marketable investment securities$204,689 $182,776 
Schedule of Unrealized Gains and Losses on Equity Securities
The portion of unrealized gains and losses related to equity securities still held during the period is as follows (in thousands):
 Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Net (losses) gains on equity securities$(630)$1,185 $1,392 $(240)
Less: Net (loss) recognized on equity securities sold(386)— (513)— 
Net unrealized (losses) gains recognized on equity securities still held$(244)$1,185 $1,905 $(240)
Schedule of Debt Securities, Available-for-Sale and Held-to-Maturity
The following tables present our debt securities (in thousands):
June 30, 2026
Amortized CostUnrealizedEstimated Fair Value
GainsLosses
U.S. government securities - AFS$198,131 $$(263)$197,875 
Total debt securities$198,131 $$(263)$197,875 
December 31, 2025
Amortized CostUnrealizedEstimated Fair Value
GainsLosses
U.S. government securities - AFS$171,364 $269 $(2)$171,631 
U.S. government securities - HTM
5,590 11 — 5,601 
Total debt securities$176,954 $280 $(2)$177,232