v3.25.1
Investments (Tables)
 3 Months Ended
Mar. 31, 2025
Investments [Abstract]  
Schedule of Investments in Available-for-Sale Securities
The following tables summarize the Company’s investments in available-for-sale securities by significant investment category reported as short-term as of March 31, 2025 (in thousands):
March 31, 2025
Amortized CostGross Unrealized Gains
Gross Unrealized Loss
Estimated Fair Value
U.S. Treasury$138,755 $25 $(14)$138,766 
Corporate bonds10,841 4 — $10,845 
Commercial paper20,698 6 (1)20,703 
Total available-for-sale investments$170,294 $35 $(15)$170,314 
The following tables summarize the Company’s investments in available-for-sale securities by significant investment category reported as short-term as of December 31, 2024 (in thousands):
December 31, 2024
Amortized CostGross Unrealized Gains
Gross Unrealized Loss
Estimated Fair Value
U.S. Treasury$161,401 $88 $(12)$161,477 
Corporate bonds1,976 1 — 1,977 
Commercial paper15,684 11 (4)15,691 
Total available-for-sale investments$179,061 $100 $(16)$179,145 
Schedule of the Contractual Maturities of Available-for-Sale Securities
The following table summarizes the contractual maturities of the Company’s available-for-sale securities at March 31, 2025 (in thousands):
March 31, 2025
Amortized CostFair Value
Mature in less than one year$170,294 $170,314 
Total$170,294 $170,314 
The following table summarizes the contractual maturities of the Company’s available-for-sale securities at December 31, 2024 (in thousands):
December 31, 2024
Amortized CostFair Value
Mature in less than one year$179,061 $179,145 
Total$179,061 $179,145 
As of March 31, 2025, future payments under these contractual obligations were as follows (in thousands):
2025$1,798 
20262,827
20271,282
Thereafter17
Total Purchase Obligations$5,924