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

4. Investments

There were no short term investments or long term investments as of December 31, 2025. Short term investments and long term investments, which are classified as available-for-sale securities, consisted of the following as of June 30, 2026:

 

 

June 30, 2026

 

 

 

Amortized Cost Basis

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

4,495

 

 

 

1

 

 

 

 

 

 

4,496

 

U.S. government securities

 

 

30,602

 

 

 

1

 

 

 

(14

)

 

 

30,589

 

 

 

$

35,097

 

 

$

2

 

 

$

(14

)

 

$

35,085

 

All investments classified as available-for-sale securities held as of June 30, 2026 had contractual maturities of less than two years. There have been no material realized gains or losses on investments classified as available-for-sale securities for the periods presented. Unrealized losses on investments classified as available-for-sale as of June 30, 2026, were not significant and were primarily due to changes in interest rates, including market credit spreads, and not due to increased credit risks associated with specific securities. None of the investments classified as available-for-sale have been in a continuous unrealized loss position for more than twelve months. Accordingly, no other-than-temporary impairment was recorded for the three and six months ended June 30, 2026.