v3.26.1
Marketable Securities
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities
5.
Marketable securities:

Amortized cost, unrealized gain (loss) recognized in accumulated other comprehensive income (loss) and fair value of available-for-sale securities consisted of the following:

 

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

Amortized
Cost

 

 

Unrealized
Loss

 

 

Fair
Value

 

 

Amortized
Cost

 

 

Unrealized
Gain

 

 

Fair
Value

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Guaranteed investment certificates

 

$

 

 

$

 

 

$

 

 

$

14,348

 

 

$

389

 

 

$

14,737

 

U.S. treasuries

 

 

238,317

 

 

 

(131

)

 

 

238,186

 

 

 

111,901

 

 

 

197

 

 

 

112,098

 

Commercial paper

 

 

257,034

 

 

 

(232

)

 

 

256,802

 

 

 

39,555

 

 

 

4

 

 

 

39,559

 

Corporate debt securities

 

 

316,475

 

 

 

(304

)

 

 

316,171

 

 

 

182,864

 

 

 

465

 

 

 

183,329

 

Total current

 

 

811,826

 

 

 

(667

)

 

 

811,159

 

 

 

348,668

 

 

 

1,055

 

 

 

349,723

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

 

131,665

 

 

 

(596

)

 

 

131,069

 

 

 

30,292

 

 

 

203

 

 

 

30,495

 

Corporate debt securities

 

 

183,745

 

 

 

(403

)

 

 

183,342

 

 

 

6,590

 

 

 

67

 

 

 

6,657

 

Total non-current

 

 

315,410

 

 

 

(999

)

 

 

314,411

 

 

 

36,882

 

 

 

270

 

 

 

37,152

 

Total

 

$

1,127,236

 

 

$

(1,666

)

 

$

1,125,570

 

 

$

385,550

 

 

$

1,325

 

 

$

386,875

 

Allowance for credit losses or impairment on these marketable securities has not been recognized as these securities are high credit quality, investment grade securities that the Company does not intend to sell and will not be required to sell prior to their anticipated recovery. The change in fair value is primarily due to changes in interest and foreign exchange rates.