| Summary of Company's Cash Equivalents and Marketable Securities |
The following tables summarize the Company’s cash equivalents and marketable securities as of June 30, 2025 and December 31, 2024:
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June 30, 2025 |
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Total |
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|
Quoted
Prices in
Active
Markets
(Level 1) |
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Significant
Other
Observable
Inputs
(Level 2) |
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|
Significant
Unobservable
Inputs
(Level 3) |
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(in thousands) |
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Cash equivalents: |
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Money market funds |
|
$ |
61,921 |
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$ |
61,921 |
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|
$ |
— |
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|
$ |
— |
|
U.S. commercial paper |
|
|
4,345 |
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|
— |
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|
4,345 |
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|
|
— |
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Total cash equivalents |
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|
66,266 |
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|
|
61,921 |
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|
4,345 |
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|
|
— |
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Marketable securities: |
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U.S. government securities |
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8,696 |
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— |
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8,696 |
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— |
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U.S. corporate bonds |
|
|
197,075 |
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— |
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|
197,075 |
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|
— |
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International corporate bonds |
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|
53,116 |
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— |
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53,116 |
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|
— |
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U.S. commercial paper |
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|
16,434 |
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|
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— |
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16,434 |
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|
|
— |
|
International commercial paper |
|
|
13,629 |
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|
|
— |
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|
|
13,629 |
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|
|
— |
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U.S. certificates of deposit |
|
|
3,040 |
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— |
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|
|
3,040 |
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|
— |
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U.S. municipal securities |
|
|
6,095 |
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— |
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|
6,095 |
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|
— |
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Total marketable securities |
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|
298,085 |
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|
|
— |
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|
|
298,085 |
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|
|
— |
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|
|
$ |
364,351 |
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|
$ |
61,921 |
|
|
$ |
302,430 |
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|
$ |
— |
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|
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|
December 31, 2024 |
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|
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Total |
|
|
Quoted
Prices in
Active
Markets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
|
|
(in thousands) |
|
Cash equivalents: |
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|
|
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|
|
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Money market funds |
|
$ |
73,845 |
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|
$ |
73,845 |
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|
$ |
— |
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|
$ |
— |
|
U.S. government securities |
|
|
5,397 |
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— |
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5,397 |
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— |
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U.S. commercial paper |
|
|
997 |
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|
— |
|
|
|
997 |
|
|
|
— |
|
Total cash equivalents |
|
|
80,239 |
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|
|
73,845 |
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|
|
6,394 |
|
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— |
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Marketable securities: |
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U.S. government securities |
|
|
36,457 |
|
|
|
— |
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|
|
36,457 |
|
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|
— |
|
U.S. corporate bonds |
|
|
269,013 |
|
|
|
— |
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|
|
269,013 |
|
|
|
— |
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International corporate bonds |
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|
52,461 |
|
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— |
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52,461 |
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— |
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U.S. commercial paper |
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30,373 |
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— |
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|
30,373 |
|
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|
— |
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International commercial paper |
|
|
24,144 |
|
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|
— |
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|
24,144 |
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— |
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U.S. certificates of deposit |
|
|
900 |
|
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|
— |
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|
900 |
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|
— |
|
U.S. municipal securities |
|
|
10,049 |
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|
|
— |
|
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|
10,049 |
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|
— |
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Total marketable securities |
|
|
423,397 |
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|
— |
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|
423,397 |
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|
|
— |
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$ |
503,636 |
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|
$ |
73,845 |
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|
$ |
429,791 |
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|
$ |
— |
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