The fair value and amortized cost of investments in short-term marketable debt securities by major security type as of June 30, 2026 and December 31, 2025 are as follows:


(in thousands)	June 30, 2026
	Amortized cost		Gross unrealized gains		Fair value

Certificates of Deposit	58,747		378		59,125
Total	$	58,747	$	378	$	59,125

Of which classified within short-term marketable debt securities	58,747		378		59,125


(in thousands)	December 31, 2025
	Amortized cost		Gross unrealized gains		Fair value

Certificates of Deposit	59,166		285		59,451
Total	$	59,166	$	285	$	59,451

Of which classified within short-term marketable debt securities	59,166		285		59,451

The following table presents the changes in fair values of the Company’s short-term marketable debt securities, classified as Level 2 financial assets, and recognized in “Accumulated other comprehensive income” for the six months ended June 30, 2026 and 2025, respectively:


(in thousands)	Six Months Ended June 30, 2026		Six Months Ended June 30, 2025
Balance as of January 1	$	285	$	5,407
Other comprehensive income before reclassifications	2,235		5,955
Amounts reclassified from accumulated other comprehensive income	(2,142)		(10,619)

Balance as of June 30	$	378	$	743

As of June 30, 2026, the Company’s marketable debt securities maturities are all due within one year.