Investments - Available-for-Sale

3 Months Ended

Mar. 31, 2026

Investments, Debt and Equity Securities [Abstract]

Investments - Available-for-Sale

Investments - Available-for-Sale

Investments available-for-sale consisted of the following as of March 31, 2026 and December 31, 2025 (table in thousands):

	March 31, 2026
	Amortized Cost		Unrealized Gain		Unrealized Loss		Accrued Interest		Fair Value
Available-for-Sale Securities
Debt Securities	$	14,142	$	139	$	—	$	—	$	14,281

	December 31, 2025
	Amortized Cost		Unrealized Gain		Unrealized Loss		Accrued Interest		Fair Value
Available-for-Sale Securities
Debt Securities	$	14,149	$	137	$	—	$	—	$	14,286

The fair value of investments available-for-sale are determined using quoted market prices from daily exchange-traded markets based on the closing price as of the balance sheet date and are classified as a Level 1 measurement under ASC 820, Fair Value Measurements.

During both of the three months ended March 31, 2026 and 2025, the Company sold investments outstanding for a gain of $0.1 million, which is included in realized gain on available-for-sale investments on the condensed consolidated statements of operations.

As of March 31, 2026, the Company's remaining available-for-sale securities are U.S. Department of the Treasury bonds and are all due within one year.