v3.26.3
Investments (Tables)
 9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments in short-term marketable debt securities
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 
Schedule of fair value changes of marketable securities
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