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Short-Term Investment (Tables)
3 Months Ended
Mar. 31, 2026
Short-Term Investments [Abstract]  
Schedule of Short-term Investments Available for Sale

Short-term investments, principally U.S. Treasury bills, are available-for-sale and consisted of the following (in thousands):

 

 

As of March 31, 2026

 

 

 

Amortized Cost

 

 

Unrealized Loss, Net

 

 

Estimated Fair Value

 

U.S. Treasury securities

 

$

200,372

 

 

$

(65

)

 

$

200,307

 

 

 

 

As of December 31, 2025

 

 

 

Amortized Cost

 

 

Unrealized Gain, Net

 

 

Estimated Fair Value

 

U.S. Treasury securities

 

$

208,126

 

 

$

53

 

 

$

208,179