| Schedule of Components of Investments |
The components of investments consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Level |
|
Amortized Cost Basis |
|
|
Gross Unrealized Gain |
|
|
Gross Unrealized Loss |
|
|
Fair Value |
|
June 30, 2026 |
|
(in thousands) |
|
Corporate debt securities |
|
Level 2 |
|
$ |
185,590 |
|
|
$ |
5 |
|
|
$ |
(534 |
) |
|
$ |
185,061 |
|
United States government agency securities |
|
Level 2 |
|
|
49,522 |
|
|
|
— |
|
|
|
(316 |
) |
|
|
49,206 |
|
Asset-backed securities |
|
Level 2 |
|
|
37,268 |
|
|
|
— |
|
|
|
(77 |
) |
|
|
37,191 |
|
Yankee debt securities |
|
Level 2 |
|
|
15,670 |
|
|
|
— |
|
|
|
(28 |
) |
|
|
15,642 |
|
Commercial paper |
|
Level 2 |
|
|
16,411 |
|
|
|
1 |
|
|
|
(26 |
) |
|
|
16,386 |
|
Certificates of deposit |
|
Level 2 |
|
|
4,020 |
|
|
|
— |
|
|
|
(2 |
) |
|
|
4,018 |
|
Total debt investments |
|
|
|
|
308,481 |
|
|
|
6 |
|
|
|
(983 |
) |
|
|
307,504 |
|
Money market investments |
|
Level 1 |
|
|
42,111 |
|
|
|
— |
|
|
|
— |
|
|
|
42,111 |
|
Total short-term marketable securities |
|
|
|
$ |
350,592 |
|
|
$ |
6 |
|
|
$ |
(983 |
) |
|
$ |
349,615 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Level |
|
Amortized Cost Basis |
|
|
Gross Unrealized Gain |
|
|
Gross Unrealized Loss |
|
|
Fair Value |
|
December 31, 2025 |
|
(in thousands) |
|
Corporate debt securities |
|
Level 2 |
|
$ |
168,802 |
|
|
$ |
46 |
|
|
$ |
(102 |
) |
|
$ |
168,746 |
|
United States government agency securities |
|
Level 2 |
|
|
53,380 |
|
|
|
43 |
|
|
|
— |
|
|
|
53,423 |
|
Asset-backed securities |
|
Level 2 |
|
|
33,249 |
|
|
|
35 |
|
|
|
(1 |
) |
|
|
33,283 |
|
Yankee debt securities |
|
Level 2 |
|
|
10,599 |
|
|
|
7 |
|
|
|
(3 |
) |
|
|
10,603 |
|
Commercial paper |
|
Level 2 |
|
|
5,618 |
|
|
|
4 |
|
|
|
— |
|
|
|
5,622 |
|
Certificates of deposit |
|
Level 2 |
|
|
1,595 |
|
|
|
1 |
|
|
|
— |
|
|
|
1,596 |
|
Total debt investments |
|
|
|
|
273,243 |
|
|
|
136 |
|
|
|
(106 |
) |
|
|
273,273 |
|
Equity investments |
|
Level 1 |
|
|
19,997 |
|
|
|
— |
|
|
|
— |
|
|
|
19,997 |
|
Money market investments |
|
Level 1 |
|
|
37,606 |
|
|
|
— |
|
|
|
— |
|
|
|
37,606 |
|
Total short-term marketable securities |
|
|
|
$ |
330,846 |
|
|
$ |
136 |
|
|
$ |
(106 |
) |
|
$ |
330,876 |
|
|
| Schedule of Contractual Maturities of Available-for-sale Debt Securities |
The contractual maturities of available-for-sale debt securities as of June 30, 2026 were as follows:
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
Amortized Cost Basis |
|
|
Fair Value |
|
|
|
(in thousands) |
|
Due in one year or less |
|
$ |
243,523 |
|
|
$ |
243,040 |
|
Due after one year through five years |
|
|
107,069 |
|
|
|
106,575 |
|
Total |
|
$ |
350,592 |
|
|
$ |
349,615 |
|
|