The following table summarizes the Company’s marketable securities held at June 30, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
Commercial paper |
|
$ |
331,986 |
|
|
$ |
4 |
|
|
$ |
(113 |
) |
|
$ |
331,877 |
|
Corporate notes |
|
|
142,751 |
|
|
|
50 |
|
|
|
(64 |
) |
|
|
142,737 |
|
U.S. Treasury securities |
|
|
314,577 |
|
|
|
206 |
|
|
|
(52 |
) |
|
|
314,731 |
|
U.S. Government securities |
|
|
68,766 |
|
|
|
29 |
|
|
|
(50 |
) |
|
|
68,745 |
|
Corporate equity securities |
|
|
10,115 |
|
|
|
— |
|
|
|
— |
|
|
|
10,115 |
|
Total |
|
$ |
868,195 |
|
|
$ |
289 |
|
|
$ |
(279 |
) |
|
$ |
868,205 |
|
The following table summarizes the Company’s marketable securities held at December 31, 2024 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
Commercial paper |
|
$ |
181,095 |
|
|
$ |
210 |
|
|
$ |
(9 |
) |
|
$ |
181,296 |
|
Corporate notes |
|
|
100,175 |
|
|
|
103 |
|
|
|
(113 |
) |
|
|
100,165 |
|
U.S. Treasury securities |
|
|
164,491 |
|
|
|
289 |
|
|
|
(10 |
) |
|
|
164,770 |
|
U.S. Government securities |
|
|
114,552 |
|
|
|
235 |
|
|
|
(26 |
) |
|
|
114,761 |
|
Corporate equity securities |
|
|
7,781 |
|
|
|
— |
|
|
|
— |
|
|
|
7,781 |
|
Total |
|
$ |
568,094 |
|
|
$ |
837 |
|
|
$ |
(158 |
) |
|
$ |
568,773 |
|
|