Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

4.Fair value of financial instruments:

The following table summarizes the fair value hierarchy used to determine the fair values of the Company's cash and cash equivalents and marketable securities:

	December 31, 2025								December 31, 2024
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash and cash equivalents
Cash, money market fund, mutual funds,    commercial paper and U.S. treasuries	$	154,659	$	44,504	$	—	$	199,163	$	142,712	$	—	$	—	$	142,712
Marketable securities
Guaranteed investment certificates		14,737		—		—		14,737		16,147		—		—		16,147
U.S. treasuries		142,593		—		—		142,593		130,948		—		—		130,948
Commercial paper		—		39,559		—		39,559		—		66,905		—		66,905
Corporate debt securities		—		189,986		—		189,986		—		397,689		—		397,689
Total marketable securities		157,330		229,545		—		386,875		147,095		464,594		—		611,689
Total	$	311,989	$	274,049	$	—	$	586,038	$	289,807	$	464,594	$	—	$	754,401

The fair values of the Company’s commercial paper and corporate debt securities are based on prices obtained from independent pricing sources. Securities with validated quotes from pricing services are reflected within Level 2, as they are primarily based on observable pricing for similar assets or other market observable inputs. Typical inputs used by these pricing services include, but are not limited to, reported trades, benchmark yields, issuer spreads, bids, offers or estimates of cash flow, prepayment spreads and default rates.

As of December 31, 2025 and 2024, the Company does not hold any securities classified as Level 3 and there were no securities transferred between Level 1 and 2.