Financial instruments and fair value measurements (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
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| Schedule of assets measured at fair value by level within the fair value hierarchy |
The following table sets forth the Company’s assets that were measured at fair value as of June 30, 2026 by level within the fair value hierarchy: | | | | | | | | | | | | | | | Level 1 | | Level 2 | | Level 3 | | Total | Assets: | | | | | | | | | | | | | Cash equivalents | | $ | 42,459 | | | — | | | — | | | 42,459 | U.S. Treasury | | | — | | | 20,755 | | | — | | | 20,755 | Corporate bonds | | | — | | | 126,792 | | | — | | | 126,792 | Total | | $ | 42,459 | | $ | 147,547 | | $ | — | | $ | 190,006 | | | | | | | | | | | | | |
The following table sets forth the Company’s assets and liabilities that were measured at fair value as of December 31, 2025, by level within the fair value hierarchy: | | | | | | | | | | | | | | | Level 1 | | Level 2 | | Level 3 | | Total | Cash equivalents | | $ | 58,030 | | | — | | | — | | $ | 58,030 | U.S. Treasury | | | — | | | 4,606 | | | — | | | 4,606 | Corporate bonds | | | — | | | 50,655 | | | — | | | 50,655 | Total | | $ | 58,030 | | $ | 55,261 | | $ | — | | $ | 113,291 | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | | | Contingent consideration | | | — | | | — | | | 3,757 | | | 3,757 | Total | | $ | — | | $ | — | | $ | 3,757 | | $ | 3,757 |
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| Schedule of investments in fixed maturity securities |
The amortized cost, gross unrealized gains and losses, and fair value of investments in fixed maturity securities are as follows as of June 30, 2026: | | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | | | | Unrealized | | Unrealized | | | | | | Amortized Cost | | Gains | | Losses | | Fair Value | U.S. Treasury | | $ | 20,857 | | | — | | | (102) | | | 20,755 | Corporate bonds | | | 127,332 | | | 3 | | | (543) | | | 126,792 | Total | | $ | 148,189 | | $ | 3 | | $ | (645) | | $ | 147,547 |
The amortized cost, gross unrealized gains and losses, and fair value of investments in fixed maturity securities are as follows as of December 31, 2025: | | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | | | | Unrealized | | Unrealized | | | | | | Amortized Cost | | Gains | | Losses | | Fair Value | U.S. Treasury | | $ | 4,604 | | $ | 2 | | $ | — | | $ | 4,606 | Corporate bonds | | | 50,578 | | | 83 | | | (6) | | | 50,655 | Total | | $ | 55,182 | | $ | 85 | | $ | (6) | | $ | 55,261 |
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| Schedule of maturities of fixed maturity available-for-sale securities |
| | | | | | | | | June 30, 2026 | | December 31, 2025 | Less than one year | | $ | 70,070 | | $ | 55,261 | One to five years | | | 77,477 | | | — | Total | | $ | 147,547 | | $ | 55,261 |
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| Contingent consideration |
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| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
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| Schedule of Company's replacement lease guaranty |
| | | | | | | Milestone | Balance as of December 31, 2025 | | $ | 3,757 | Changes in fair value | | | (3,757) | Balance as of June 30, 2026 | | $ | - |
| | | | | | | | | | | | | | | | Gadeta | | | Holdback Shares | | | Milestone | | | Total | Balance as of December 31, 2024 | | $ | 413 | | $ | 625 | | $ | 7,700 | | $ | 8,738 | Changes in fair value | | | - | | | (264) | | | 409 | | | 145 | Balance as of June 30, 2025 | | $ | 413 | | $ | 361 | | $ | 8,109 | | $ | 8,883 |
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| Schedule of inputs in company's contingent consideration liabilities |
| | | | | | December 31, 2025 | Milestone: | | | | Probability adjusted value of payments | | $ | 4,000 | Discount rate | | | 11.2% | Discount period (years) | | | 0.5 |
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