v3.26.3
Investments in Debt Securities (Tables)
 9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available for Sale Investments
The table below summarizes the Company’s AFS investments:
September 30, 2026
Amortized cost
Allowance for credit losses
Gross unrealized gainsGross unrealized lossesFair value
U.S. Treasury securities$95,954 $— $— $(435)$95,519 
Corporate bonds227,847 — — (1,503)226,344 
Total
$323,801 $— $— $(1,938)$321,863 
December 31, 2025
Amortized costAllowance for credit lossesGross unrealized gainsGross unrealized lossesFair value
U.S. Treasury securities$131,229 $— $123 $(2)$131,350 
Corporate bonds243,028 — 129 (97)243,060 
Total
$374,257 $— $252 $(99)$374,410 
September 30,
2026		December 31, 2025
Weighted-average effective interest rate of AFS investments4.03 %3.85 %
The table below presents the interest income on investments in debt securities, included within interest income on the condensed consolidated statements of operations and comprehensive (loss) income, and fair value of investments in debt securities sold during the following periods:

Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Interest income on investments in debt securities$3,579 $1,051 $10,504 $1,051 
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Fair value of investments in debt securities sold$— $— $1,229 $— 
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following table discloses investments in debt securities that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 months or longer:

September 30, 2026
Less than 12 monthsMore than 12 months
Fair valueUnrealized lossesFair valueUnrealized losses
U.S. Treasury securities$95,519 $(435)$— $— 
Corporate bonds226,344 (1,503)— — 
Total$321,863 $(1,938)$— $— 
December 31, 2025
Less than 12 monthsMore than 12 months
Fair valueUnrealized lossesFair valueUnrealized losses
U.S. Treasury securities$131,350 $(2)$— $— 
Corporate bonds243,060 (97)— — 
Total$374,410 $(99)$— $— 
Schedule of Held to Maturity Investments
The table below presents the interest income on investments in debt securities, included within interest income on the condensed consolidated statements of operations and comprehensive (loss) income, and fair value of investments in debt securities sold during the following periods:

Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Interest income on investments in debt securities$3,579 $1,051 $10,504 $1,051 
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Fair value of investments in debt securities sold$— $— $1,229 $— 
Schedule of Amortized Cost, Fair Value and Total Weighted-Average Yield of Held-To-Maturity Investment Securities
The table below presents the contractual maturity by major class of AFS investments. In some cases, the issuers may have the right to call obligations without penalties prior to the contractual maturity date.

September 30, 2026
Within 1 year
1 to 5 years
Total
Balance sheet caption:
Available for sale investments
(current assets)		Available for sale investments
(non-current assets)
Amortized costFair valueAmortized costFair valueAmortized costFair value
U.S. Treasury securities$78,555 $78,267 $17,399 $17,252 $95,954 $95,519 
Corporate bonds130,901 130,411 96,946 95,933 227,847 226,344 
Total$209,456 $208,678 $114,345 $113,185 $323,801 $321,863 
December 31, 2025
Within 1 year
1 to 5 years
Total
Balance sheet caption:
Available for sale investments
(current assets)		Available for sale investments
(non-current assets)
Amortized costFair valueAmortized costFair valueAmortized costFair value
U.S. Treasury securities$72,075 $72,116 $59,154 $59,234 $131,229 $131,350 
Corporate bonds128,393 128,345 114,635 114,715 243,028 243,060 
Total$200,468 $200,461 $173,789 $173,949 $374,257 $374,410