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


(in thousands)	September 30, 2026
	Amortized cost		Gross unrealized gains		Fair value
Eurocommercial Papers	$	88,288	$	779	$	89,067
Certificates of Deposit	29,224		467		29,691
Total	$	117,512	$	1,246	$	118,758

Of which classified within short-term marketable debt securities	117,512		1,246		118,758


(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 nine months ended September 30, 2026 and 2025:


(in thousands)	Nine Months Ended September 30, 2026		Nine Months Ended September 30, 2025
Balance as of January 1	$	285	$	5,407
Other comprehensive income before reclassifications	4,245		8,663
Amounts reclassified from accumulated other comprehensive income	(3,283)		(13,583)

Balance as of September 30	$	1,247	$	487

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