| REPLACED Summary of the Company's cash equivalents and investments |
The following table summarizes the Company’s financial instruments that were measured at fair value on a non-recurring basis as of March 31, 2025: | | | | | | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | | | Amortized | | unrecognized | | unrecognized | | Aggregate | Description | | Classification | | cost | | holding gains | | holding losses | | fair value | Money market funds and cash equivalents | | Cash equivalents | | $ | 20,763 | | $ | — | | $ | — | | $ | 20,763 | Commercial paper | | Short-term investments | | | 30,617 | | | 3 | | | (6) | | | 30,614 | U.S. Treasury securities and government agency bonds | | Short-term investments | | | 65,784 | | | 121 | | | (5) | | | 65,900 | Corporate debt | | Short-term investments | | | 18,484 | | | 18 | | | (2) | | | 18,500 | Corporate debt | | Long-term investments | | | 6,877 | | | 3 | | | — | | | 6,880 | U.S. Treasury securities and government agency bonds | | Long-term investments | | | 29,546 | | | 107 | | | (20) | | | 29,633 | Total cash equivalents, short-term investments and long-term investments | | | | $ | 172,071 | | $ | 252 | | $ | (33) | | $ | 172,290 |
The following table summarizes the Company’s financial instruments that were measured at fair value on a non-recurring basis as of December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | | | Amortized | | unrecognized | | unrecognized | | Aggregate | Description | | Classification | | cost | | holding gains | | holding losses | | fair value | Money market funds and cash equivalents | | Cash equivalents | | $ | 19,759 | | $ | — | | $ | — | | $ | 19,759 | Commercial paper | | Cash equivalents | | | 5,959 | | | 1 | | | — | | | 5,960 | Commercial paper | | Short-term investments | | | 47,907 | | | 28 | | | (8) | | | 47,927 | U.S. Treasury securities and government agency bonds | | Short‑term investments | | | 64,193 | | | 135 | | | (4) | | | 64,324 | Corporate debt | | Short‑term investments | | | 14,498 | | | 29 | | | (6) | | | 14,521 | U.S. Treasury securities and government agency bonds | | Long-term investments | | | 35,781 | | | 106 | | | (68) | | | 35,819 | Total cash equivalents, short-term investments and long-term investments | | | | $ | 188,097 | | $ | 299 | | $ | (86) | | $ | 188,310 |
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