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 consolidated balance sheets:


$ in thousands	December 31, 2025
Current assets	Amortized Cost		Unrealized Gain		Fair Value
Corporate bonds	$	32,195	$	57	$	32,252
Commercial paper	23,423		—		23,423
U.S. treasuries	82,618		169		82,787
Total	$	138,236	$	226	$	138,462

Long-term assets	Amortized Cost		Unrealized Gain		Fair Value
Corporate bonds	$	25,724	$	137	$	25,861

U.S. treasuries	12,311		70		12,381
Total	$	38,035	$	207	$	38,242


$ 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 year ended December 31, 2025 and 2024, there were no securities sold. There were no credit losses recognized during the year ended December 31, 2025 and 2024. The Company established no allowances for credit losses as of December 31, 2025 and December 31, 2024. The Company’s long-term available-for-sale investments mature through June 2027.