v3.26.3
Marketable Securities (Tables)
 9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Marketable Securities Classified as Available-for-sale

Marketable securities, which are classified as available-for-sale, consisted of the following (in thousands):

 

Balance at September 30, 2026:

 

Amortized
Cost Basis

 

 

Unrealized
Gain

 

 

Unrealized
Loss

 

 

Fair
Value

 

Treasury bills

 

$

90,591

 

 

$

—

 

 

$

(6

)

 

$

90,585

 

Treasury notes

 

 

431,822

 

 

 

28

 

 

 

(353

)

 

 

431,497

 

Commercial paper

 

 

5,958

 

 

 

—

 

 

 

(3

)

 

 

5,955

 

Corporate debt securities

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Agency bonds

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total marketable securities

 

$

528,371

 

 

$

28

 

 

$

(362

)

 

$

528,037

 

 

Balance at December 31, 2025:

 

Amortized
Cost Basis

 

 

Unrealized
Gain

 

 

Unrealized
Loss

 

 

Fair
Value

 

Treasury bills

 

$

90,288

 

 

$

40

 

 

$

—

 

 

$

90,328

 

Total marketable securities

 

$

90,288

 

 

$

40

 

 

$

—

 

 

$

90,328