Annual report [Section 13 and 15(d), not S-K Item 405]

CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)

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CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Cash, Cash Equivalents, and Short-Term Investments [Abstract]  
Schedule of Cash, Cash Equivalents and Short-Term Investments
Cash, cash equivalents and short-term investments consisted of the following (in thousands):
As of December 31,
2025 2024
Cash $ 20,020  $ 20,135 
Restricted cash 57  — 
Money market funds 14,509  16,386 
US treasury bills 63,994  7,263 
Government-sponsored enterprise securities 20,692  23,177 
Corporate bonds and commercial paper 35,740  10,360 
$ 155,012  $ 77,321 
Reported as:
Cash and cash equivalents $ 40,580  $ 56,746 
Short-term investments 114,375  20,575 
Restricted cash reported within other assets 57  — 
$ 155,012  $ 77,321 
Schedule of Cash Equivalents and Short-Term Investments Including Securities With Unrealized Gains and Losses
Cash equivalents and short-term investments include the following securities with gross unrealized gains and losses (in thousands):
As of December 31, 2025 Amortized
Cost		 Gross
Unrealized
Gains		 Gross
Unrealized
Losses		 Fair Value
US treasury bills $ 63,868  $ 126  $ —  $ 63,994 
Government-sponsored enterprise securities 20,663  30  (1) 20,692 
Corporate bonds and commercial paper 35,714  28  (2) 35,740 
Total $ 120,245  $ 184  $ (3) $ 120,426 
As of December 31, 2024 Amortized
Cost		 Gross
Unrealized
Gains		 Gross
Unrealized
Losses		 Fair Value
US treasury bills $ 7,260  $ 3  $ —  $ 7,263 
Government-sponsored enterprise securities 23,174  3  —  23,177 
Corporate bonds and commercial paper 10,356  4  —  10,360 
Total $ 40,790  $ 10  $ —  $ 40,800 
Schedule of Fair Value and Gross Unrealized Losses of Our Investments
The following table shows the fair value and gross unrealized losses of our investments in individual securities that are in an unrealized loss position, aggregated by investment category (in thousands):
As of December 31, 2025 Fair Value Gross Unrealized Losses
Government-sponsored enterprise securities $ 2,475  $ (1)
Corporate bonds and commercial paper 5,489  (2)
Total $ 7,964  $ (3)