Investments

3 Months Ended

Mar. 31, 2026

Investments, Debt and Equity Securities [Abstract]

Investments

Investments

Investments consisted of the following as of March 31, 2026 and December 31, 2025 (in thousands):

	March 31, 2026		December 31, 2025
Debt securities (available-for-sale)
Swedish treasury securities	$	114,754	$	64,934
Finnish corporate notes	27,162		—
Equity securities
Private equity funds	1,442		1,694
Total investments	$	143,358	$	66,628

Debt securities

As of March 31, 2026, the Company's investments in debt securities consisted of Swedish treasury securities maturing within one year and Finnish corporate notes maturing in approximately three years. As of March 31, 2026 and December 31, 2025, the amortized cost and fair value of these investments were as follows (in thousands):

	March 31, 2026						December 31, 2025
	Amortized Cost		Gross Unrealized Losses		Aggregate Fair Value		Amortized Cost		Gross Unrealized Gains		Aggregate Fair Value
Swedish treasury securities	$	114,785	$	(31)	$	114,754	$	64,825	$	109	$	64,934
Finnish corporate notes	27,211		(49)		27,162		—		—		—