v3.26.1
Fair Value Measurements and Investments (Tables)
 6 Months Ended
Jun. 30, 2026
Investments [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
Assets measured at fair value on a recurring basis were as follows:
June 30, 2026
Quoted Price in Active Markets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Total
Cash equivalents:
Money market funds$57,306 $— $— $57,306 
Obligations of U.S. Government and its Agencies— 20,942 — 20,942 
Total cash equivalents57,306 20,942 — 78,248 
Available-for-sale investments:
Obligations of U.S. Government and its Agencies— 197,601 — 197,601 
Total available-for-sale investments— 197,601 — 197,601 
Total assets measured at fair value$57,306 $218,543 $— $275,849 
December 31, 2025
Quoted Price in Active Markets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Total
Cash equivalents:
Money market funds$35,800 $— $— $35,800 
Total cash equivalents35,800 — — 35,800 
Available-for-sale investments:
Obligations of U.S. Government and its Agencies— 246,175 — 246,175 
Total available-for-sale investments— 246,175 — 246,175 
Total assets measured at fair value$35,800 $246,175 $— $281,975 
Schedule of Fair Value of the Company's Investments by Type and Maturity
The following tables summarize the fair value of the Company’s investments by type:
June 30, 2026
Amortized
Cost		Accrued
Interest		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
Obligations of U.S. Government and its agencies$197,381 $447 $— $(227)$197,601 
Total investments$197,381 $447 $— $(227)$197,601 
December 31, 2025
Amortized
Cost		Accrued
Interest		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
Obligations of U.S. Government and its agencies$244,455 $1,491 $234 $(5)$246,175 
Total investments$244,455 $1,491 $234 $(5)$246,175 
The following table summarizes the scheduled maturity for the Company’s investments at June 30, 2026 and December 31, 2025:
June 30, 2026December 31, 2025
Maturing in one year or less$197,601 $185,011 
Maturing after one year through two years— 61,164 
Total investments$197,601 $246,175