Investments

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

NOTE 3 — Investments

The Company is currently invested in available-for-sale securities. The following tables present the Company’s available-for-sale investments included in the condensed consolidated balance sheets:


$ in thousands	June 30, 2026
Current assets	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Corporate bonds	$	35,296	$	15	$	(22)	$	35,289

U.S. treasuries	155,156		17		(25)		155,148
Total	$	190,452	$	32	$	(47)	$	190,437


$ in thousands	December 31, 2025
Current assets	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Corporate bonds	$	32,195	$	57	$	—	$	32,252
Commercial paper	23,423		—		—		23,423
U.S. treasuries	82,618		169		—		82,787
Total	$	138,236	$	226	$	—	$	138,462

Long-term assets	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Corporate bonds	$	25,724	137		—		$	25,861

U.S. treasuries	12,311		$	70	—		12,381
Total	$	38,035	$	207	$	—	$	38,242

The cost of securities sold, if any, is based on the specific-identification method. During the three and six months ended June 30, 2026 and 2025, there were no securities sold. There were no credit losses recognized during the three and six months ended June 30, 2026 and 2025. The Company had no allowances for credit losses as of June 30, 2026 and December 31, 2025.