Investments

12 Months Ended

Dec. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Investments

Investments

Available-for-sale securities

The Company’s portfolio of available-for-sale marketable securities consists of the following:

	December 31, 2025
	Amortized Cost		Gross unrealized				Estimated Fair Value
(In thousands)			Gains		Losses
Available-for-sale securities, current portion
U.S. government securities	$	9,946	$	33	$	—	$	9,979
Corporate debt securities	34,783		41		—		34,824
Other debt securities	11,066		20		—		11,086
Total short-term	55,795		94		—		55,889
Available-for-sale securities, long-term
U.S. government securities	10,756		14		—		10,770
Corporate debt securities	17,038		23		(5)		17,056
Other debt securities	3,418		6		—		3,424
Total long-term	31,212		43		(5)		31,250
Total available-for-sale securities	$	87,007	$	137	$	(5)	$	87,139

	December 31, 2024
	Amortized Cost		Gross unrealized				Estimated Fair Value
(In thousands)			Gains		Losses
Available-for-sale securities, current portion
U.S. government securities	$	1,493	$	1	$	—	$	1,494
Corporate debt securities	5,775		14		(1)		5,788
Other debt securities	1,912		4		—		1,916
Total short-term	9,180		19		(1)		9,198
Available-for-sale securities, long-term
Corporate debt securities	3,210		4		(2)		3,212
Other debt securities	1,412		5		(1)		1,416
Total long-term	4,622		9		(3)		4,628
Total available-for-sale securities	$	13,802	$	28	$	(4)	$	13,826

The following table summarizes the contractual maturities of the short-term and long-term available-for-sale investments as of December 31, 2025:

(In thousands)	Amortized Cost		Estimated Fair Value
Due in one year or less	$	55,795	$	55,889
Due after one year through five years	31,212		31,250
Total	$	87,007	$	87,139

The following tables present information about the available-for-sale investments that had been in a continuous unrealized loss position for less than 12 months:

	December 31, 2025
	Less than 12 months				Total
(In thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Corporate debt securities	$	7,519	$	(5)	$	7,519	$	(5)
Total	$	7,519	$	(5)	$	7,519	$	(5)

	December 31, 2024
	Less than 12 months				Total
(In thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Corporate debt securities	$	2,091	$	(3)	$	2,091	$	(3)
Other debt securities	1,030		(1)		1,030		(1)
Total	$	3,121	$	(4)	$	3,121	$	(4)

As of December 31, 2025 and 2024, all available-for-sale securities investments presented above with unrealized losses have been in an unrealized loss position for less than 12 months.

As of December 31, 2025 and 2024, none of our available-for-sale marketable securities exhibited risk of credit loss and therefore no allowance for credit losses was recorded.