Cash, cash equivalents and restricted cash

12 Months Ended

Dec. 31, 2025

Cash, cash equivalents and restricted cash

Cash, cash equivalents and restricted cash

Note 4. Cash, cash equivalents and restricted cash

	December 31,		December 31,
	2025			2024
	(in thousands)
Cash and cash equivalents	$	145,451	$	123,512
Long-term restricted cash		10,627		7,552
Total cash, cash equivalents and restricted cash	$	156,078	$	131,064

As of December 31, 2025, we had $10.6 million in restricted cash which relates to a $5.9 million cash collateral relating to our lease for our headquarters in Beverly, Massachusetts, a $3.9 million letter of credit for customs purposes, a $0.7 million letter of credit relating to workers’ compensation insurance and a $0.1 million deposit relating to customs activity.