Investments in Marketable Debt Securities, Available-for-Sale (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Investments, Debt and Equity Securities [Abstract] |
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| Schedule of Amortized Cost, Allowance for Credit Losses, Gross Unrealized Gains/Losses in Accumulated Other Comprehensive Income/Loss and Fair Value of Marketable Securities, Available-for-Sale, by Type of Security |
Amortized cost, allowance for credit losses, gross unrealized gains (losses) in accumulated other comprehensive (loss) income and fair value of marketable debt securities, available-for-sale, by type of security consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Amortized
Cost | | Allowance
for Credit
Losses | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair
Value | | Short-term investments: | | | | | | | | | | | U.S. treasuries | $ | 9,765 | | | $ | — | | | $ | — | | | $ | (13) | | | $ | 9,752 | | | Corporate debt | 47,522 | | | — | | | 6 | | | (31) | | | 47,497 | | | | | | | | | | | | | $ | 57,287 | | | $ | — | | | $ | 6 | | | $ | (44) | | | $ | 57,249 | | | Long-term investments: | | | | | | | | | | | U.S. treasuries | $ | 21,759 | | | $ | — | | | $ | — | | | $ | (183) | | | $ | 21,576 | | | U.S. government sponsored entities | 4,074 | | | — | | | 10 | | | (75) | | | 4,009 | | | Corporate debt | 48,419 | | | — | | | 169 | | | (544) | | | 48,044 | | | Asset-backed securities (“ABS”) and other | 61,567 | | | — | | | 159 | | | (909) | | | 60,817 | | | $ | 135,819 | | | $ | — | | | $ | 338 | | | $ | (1,711) | | | $ | 134,446 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized
Cost | | Allowance
for Credit
Losses | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair
Value | | Short-term investments: | | | | | | | | | | | | | | | | | | | | | Corporate debt | $ | 90,557 | | | $ | — | | | $ | 28 | | | $ | (21) | | | $ | 90,564 | | | | | | | | | | | | | $ | 90,557 | | | $ | — | | | $ | 28 | | | $ | (21) | | | $ | 90,564 | | | Long-term investments: | | | | | | | | | | | U.S. treasuries | $ | 29,058 | | | $ | — | | | $ | 218 | | | $ | (17) | | | $ | 29,259 | | | U.S. government sponsored entities | 2,490 | | | — | | | 17 | | | (46) | | | 2,461 | | | Corporate debt | 54,093 | | | — | | | 578 | | | (414) | | | 54,257 | | | ABS and other | 59,929 | | | — | | | 452 | | | (657) | | | 59,724 | | | $ | 145,570 | | | $ | — | | | $ | 1,265 | | | $ | (1,134) | | | $ | 145,701 | |
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| Schedule of Available-for-sale Marketable Debt Securities in a Continuous Unrealized Loss Position |
The Company’s investments in marketable debt securities, available-for-sale, that have been in a continuous unrealized loss position, for which an allowance for credit losses has not been recorded, by type of security consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Less than 12 months | | 12 months or greater | | Total | | Fair
Value | | Gross
Unrealized
Losses | | Fair
Value | | Gross
Unrealized
Losses | | Fair Value(1) | | Gross
Unrealized
Losses | | U.S. treasuries | $ | 30,310 | | | $ | (172) | | | $ | 763 | | | $ | (24) | | | $ | 31,073 | | | $ | (196) | | | U.S. government sponsored entities | 3,155 | | | (27) | | | 384 | | | (48) | | | 3,539 | | | (75) | | | Corporate debt | 62,677 | | | (107) | | | 9,216 | | | (468) | | | 71,893 | | | (575) | | | ABS and other | 24,768 | | | (208) | | | 6,058 | | | (701) | | | 30,826 | | | (909) | | | $ | 120,910 | | | $ | (514) | | | $ | 16,421 | | | $ | (1,241) | | | $ | 137,331 | | | $ | (1,755) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Less than 12 months | | 12 months or greater | | Total | | Fair
Value | | Gross
Unrealized
Losses | | Fair
Value | | Gross
Unrealized
Losses | | Fair Value(1) | | Gross
Unrealized
Losses | | U.S. treasuries | $ | — | | | $ | — | | | $ | 780 | | | $ | (17) | | | $ | 780 | | | $ | (17) | | | U.S. government sponsored entities | 1,562 | | | (2) | | | 413 | | | (44) | | | 1,975 | | | (46) | | | Corporate debt | 21,937 | | | (5) | | | 12,266 | | | (430) | | | 34,203 | | | (435) | | | ABS and other | 8,237 | | | (387) | | | 3,426 | | | (270) | | | 11,663 | | | (657) | | | $ | 31,736 | | | $ | (394) | | | $ | 16,885 | | | $ | (761) | | | $ | 48,621 | | | $ | (1,155) | |
(1)The fair value excludes accrued interest receivable.
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| Schedule of Gross Realized Gains and Losses from Sale of Available for Sale Marketable Debt Securities |
Gross realized gains and losses from the sales of the Company’s marketable debt securities, available-for-sale, consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | Gross realized gains (1) | $ | — | | | $ | — | | | $ | — | | | $ | 8 | | Gross realized losses (1) | $ | — | | | $ | — | | | $ | — | | | $ | — | |
(1)Recorded in other income, net in the condensed consolidated statements of operations. The cost basis of securities sold were determined based on the specific identification method.
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| Schedule of Amortized Cost and Fair Value of Marketable Debt Securities, Available-for-Sale, by Contractual Maturity |
Amortized cost and fair value of marketable debt securities, available-for-sale, by contractual maturity consisted of the following (in thousands, except weighted average data): | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Amortized
Cost | | Fair Value | | Amortized
Cost | | Fair Value | | Due in one year or less | $ | 57,287 | | | $ | 57,249 | | | $ | 90,557 | | | $ | 90,564 | | | Due after one year through five years | 73,972 | | | 73,560 | | | 85,624 | | | 86,148 | | | Due after five years through ten years | 16,978 | | | 16,885 | | | 16,055 | | | 16,118 | | | Due after ten years | 44,869 | | | 44,001 | | | 43,891 | | | 43,435 | | | $ | 193,106 | | | $ | 191,695 | | | $ | 236,127 | | | $ | 236,265 | |
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