Investments in Marketable Debt Securities, Available-for-Sale (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Investments, Debt and Equity Securities [Abstract] |
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| Schedule of Amortized Cost, Allowance for Credit Losses, Gross Unrealized Gains/Losses in Accumulated Other Comprehensive Income/Loss and Fair Value of Marketable Securities, Available-for-Sale, by Type of Security |
Amortized cost, allowance for credit losses, gross unrealized gains (losses) in accumulated other comprehensive income (loss) and fair value of marketable debt securities, available-for-sale, by type of security consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized
Cost | | Allowance
for Credit
Losses | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair
Value | | Short-term investments: | | | | | | | | | | | | | | | | | | | | | Corporate debt | $ | 90,557 | | | $ | — | | | $ | 28 | | | $ | (21) | | | $ | 90,564 | | | | | | | | | | | | | $ | 90,557 | | | $ | — | | | $ | 28 | | | $ | (21) | | | $ | 90,564 | | | Long-term investments: | | | | | | | | | | | U.S. treasuries | $ | 29,058 | | | $ | — | | | $ | 218 | | | $ | (17) | | | $ | 29,259 | | | U.S. government sponsored entities | 2,490 | | | — | | | 17 | | | (46) | | | 2,461 | | | Corporate debt | 54,093 | | | — | | | 578 | | | (414) | | | 54,257 | | | Asset-backed securities (“ABS”) and other | 59,929 | | | — | | | 452 | | | (657) | | | 59,724 | | | $ | 145,570 | | | $ | — | | | $ | 1,265 | | | $ | (1,134) | | | $ | 145,701 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Amortized
Cost | | Allowance
for Credit
Losses | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair
Value | | Short-term investments: | | | | | | | | | | | U.S. treasuries | $ | 29,515 | | | $ | — | | | $ | 20 | | | $ | (18) | | | $ | 29,517 | | | Corporate debt | 160,152 | | | — | | | 55 | | | (57) | | | 160,150 | | | | | | | | | | | | | $ | 189,667 | | | $ | — | | | $ | 75 | | | $ | (75) | | | $ | 189,667 | | | Long-term investments: | | | | | | | | | | | U.S. treasuries | $ | 819 | | | $ | — | | | $ | — | | | $ | (46) | | | $ | 773 | | | U.S. government sponsored entities | 996 | | | — | | | 3 | | | (70) | | | 929 | | | Corporate debt | 31,820 | | | — | | | 139 | | | (1,025) | | | 30,934 | | | ABS and other | 18,731 | | | — | | | 114 | | | (334) | | | 18,511 | | | $ | 52,366 | | | $ | — | | | $ | 256 | | | $ | (1,475) | | | $ | 51,147 | |
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| Schedule of Available-for-sale Marketable Debt Securities in a Continuous Unrealized Loss Position |
The Company’s investments in marketable debt securities, available-for-sale, that have been in a continuous unrealized loss position, for which an allowance for credit losses has not been recorded, by type of security consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Less than 12 months | | 12 months or greater | | Total | | Fair
Value | | Gross
Unrealized
Losses | | Fair
Value | | Gross
Unrealized
Losses | | Fair Value(1) | | Gross
Unrealized
Losses | | U.S. treasuries | $ | — | | | $ | — | | | $ | 780 | | | $ | (17) | | | $ | 780 | | | $ | (17) | | | U.S. government sponsored entities | 1,562 | | | (2) | | | 413 | | | (44) | | | 1,975 | | | (46) | | | Corporate debt | 21,937 | | | (5) | | | 12,266 | | | (430) | | | 34,203 | | | (435) | | | ABS and other | 8,237 | | | (387) | | | 3,426 | | | (270) | | | 11,663 | | | (657) | | | $ | 31,736 | | | $ | (394) | | | $ | 16,885 | | | $ | (761) | | | $ | 48,621 | | | $ | (1,155) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Less than 12 months | | 12 months or greater | | Total | | Fair
Value | | Gross
Unrealized
Losses | | Fair
Value | | Gross
Unrealized
Losses | | Fair Value(1) | | Gross
Unrealized
Losses | | U.S. treasuries | $ | — | | | $ | — | | | $ | 10,050 | | | $ | (64) | | | $ | 10,050 | | | $ | (64) | | | U.S. government sponsored entities | — | | | — | | | 432 | | | (70) | | | 432 | | | (70) | | | Corporate debt | 15,654 | | | (46) | | | 25,520 | | | (1,036) | | | 41,174 | | | (1,082) | | | ABS and other | 6,393 | | | (70) | | | 4,333 | | | (264) | | | 10,726 | | | (334) | | | $ | 22,047 | | | $ | (116) | | | $ | 40,335 | | | $ | (1,434) | | | $ | 62,382 | | | $ | (1,550) | |
(1)The fair value excludes accrued interest receivable.
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| Schedule of Gross Realized Gains and Losses from Sale of Available for Sale Marketable Debt Securities |
Gross realized gains and losses from the sales of the Company’s marketable debt securities, available-for-sale, consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | | | | | 2025 | | 2024 | | 2023 | Gross realized gains (1) | | | | | $ | 8 | | | $ | — | | | $ | — | | Gross realized losses (1) | | | | | $ | — | | | $ | — | | | $ | (190) | |
(1)Recorded in other income, net in the consolidated statements of operations. The cost basis of securities sold were determined based on the specific identification method.
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| Schedule of Amortized Cost and Fair Value of Marketable Debt Securities, Available-for-Sale, by Contractual Maturity |
Amortized cost and fair value of marketable debt securities, available-for-sale, by contractual maturity consisted of the following (in thousands, except weighted average data): | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | Amortized
Cost | | Fair Value | | Amortized
Cost | | Fair Value | | Due in one year or less | $ | 90,557 | | | $ | 90,564 | | | $ | 189,667 | | | $ | 189,667 | | | Due after one year through five years | 85,624 | | | 86,148 | | | 26,315 | | | 25,944 | | | Due after five years through ten years | 16,055 | | | 16,118 | | | 11,246 | | | 10,716 | | | Due after ten years | 43,891 | | | 43,435 | | | 14,805 | | | 14,487 | | | $ | 236,127 | | | $ | 236,265 | | | $ | 242,033 | | | $ | 240,814 | |
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