v3.26.1
Marketable Securities
6 Months Ended
Jun. 30, 2026
Marketable Securities  
Marketable Securities

5. Marketable Securities

Marketable securities by security type consisted of the following (in thousands):

June 30, 2026

Amortized
Cost

Gross
Unrealized
Gain

Gross
Unrealized
Loss

Credit Losses

Fair Value

Marketable securities - U.S. Treasury securities

$

33,560

$

$

(32)

$

$

33,528

Marketable securities - Agency bond

4,993

(9)

4,984

$

38,553

$

$

(41)

$

$

38,512

December 31, 2025

Amortized
Cost

Gross
Unrealized
Gain

Gross
Unrealized
Loss

Credit Losses

Fair Value

Marketable securities - U.S. Treasury securities

$

42,399

$

54

$

$

$

42,453

The Company purchased a total of approximately $23.4 million of U.S. treasury securities and agency bond for the six months ended June 30, 2026. The U.S. treasury securities that matured during the six months ended June 30, 2026 were approximately $27.0 million and none were sold before maturity. Interest earned on sales of marketable securities is $0.4 million and $0.5 million for the three months ended June 30, 2026 and 2025, respectively. Interest earned on sales of marketable securities is $0.8 million and $0.8 million for the six months ended June 30, 2026 and 2025, respectively.