Investments in marketable securities (Tables)

3 Months Ended

Mar. 31, 2026

Investments, Debt and Equity Securities [Abstract]

Marketable securities

Investments in cash equivalents and marketable securities consisted of the following:

	Amortized Cost		Gross Unrealized Gain(1)		Gross Unrealized Loss(1)		Fair Value
As of March 31, 2026	(in thousands)
Cash equivalents
Money market funds	$	14,487	$	—	$	—	$	14,487
Total	$	14,487	$	—	$	—	$	14,487
Investments in marketable short-term securities
US treasury bills	33,551		5		(11)		33,545
US government bonds	37,979		8		(12)		37,975
Total	$	71,530	$	13	$	(23)	$	71,520

(1) Gross unrealized gain (loss) is pre-tax and is reported in accumulated other comprehensive income (loss).

	Amortized Cost		Gross Unrealized Gain(1)		Gross Unrealized Loss(1)		Fair Value
As of December 31, 2025	(in thousands)
Cash equivalents
Money market funds	$	10,218	$	—	$	—	$	10,218
Total	$	10,218	$	—	$	—	$	10,218
Investments in marketable short-term securities
US treasury bills	37,411		41		—		37,452
US government bonds	$	35,965	$	46	$	—	$	36,011
Total	$	73,376	$	87	$	—	$	73,463

(1) Gross unrealized gain (loss) is pre-tax and is reported in accumulated other comprehensive income (loss).