The Company is currently invested in available-for-sale securities. The $100 million certificate of deposit previously held by the Company matured and the interest receivable on the certificate of deposit was collected in June 2025.

The following tables present the Company’s available-for-sale investments included in the condensed consolidated balance sheets:


$ in thousands	September 30, 2025
Current assets	Amortized Cost		Unrealized Gain		Fair Value
Corporate bonds	$	32,370	$	45	$	32,415
Commercial paper	23,423		—		23,423
U.S. treasuries	80,118		122		80,240
Total	$	135,911	$	167	$	136,078

Long-term assets	Amortized Cost		Unrealized Gain		Fair Value
Corporate bonds	$	31,267	$	122	$	31,389

U.S. treasuries	24,636		119		24,755
Total	$	55,903	$	241	$	56,144


$ in thousands	December 31, 2024
Current assets	Amortized Cost		Unrealized Gain		Fair Value
Corporate bonds	$	11,006	$	15	$	11,021
Commercial paper	8,629		—		8,629
U.S. treasuries	58,637		57		58,694
Total	$	78,272	$	72	$	78,344

Long-term assets	Amortized Cost		Unrealized Gain		Fair Value


U.S. treasuries	$	22,538	$	90	$	22,628
Total	$	22,538	$	90	$	22,628

The cost of securities sold, if any, is based on the specific-identification method. During the three and nine months ended September 30, 2025 and 2024, there were no securities sold. There were no credit losses recognized during the three and nine months ended September 30, 2025 and 2024. The Company established no allowances for credit losses as of September 30, 2025 and December 31, 2024. The Company’s long-term available-for-sale investments mature through June 2027.