Cash Equivalents and Investments

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

2. Cash Equivalents and Investments:

As of June 30, 2026 and December 31, 2025, the Company’s cash equivalents consisted entirely of money market funds totaling $26.2 million and $86.0 million, respectively.

Investments held are all classified as current and at June 30, 2026 and December 31, 2025 are summarized as follows (in thousands):


	June 30, 2026		December 31, 2025
U.S. Treasury securities	$	43,174	$	42,261
Corporate securities		41,586		53,260
Municipal debt securities		26,968		21,373
Federal home loan securities		2,837		5,825
Certificates of deposit		754		1,763
	$	115,319	$	124,482