The following tables summarize investments accounted for as available-for-sale securities (in thousands):
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|
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|
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|
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As of June 30, 2025 |
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|
|
Acquisition
Cost |
|
|
Unrealized
Gain |
|
|
Unrealized
Loss |
|
|
Estimated Fair
Value |
|
Money market funds |
|
$ |
11,797 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
11,797 |
|
U.S. government obligations |
|
|
112,456 |
|
|
|
12 |
|
|
|
(17 |
) |
|
|
112,451 |
|
Total cash equivalents and investments |
|
$ |
124,253 |
|
|
$ |
12 |
|
|
$ |
(17 |
) |
|
$ |
124,248 |
|
Classified as: |
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|
|
|
|
|
|
|
|
|
|
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Cash equivalents |
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|
|
|
|
|
|
|
|
|
$ |
11,797 |
|
Short-term investments |
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|
|
|
|
|
|
|
|
|
|
112,451 |
|
Total cash equivalents and investments |
|
|
|
|
|
|
|
|
|
|
$ |
124,248 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2024 |
|
|
|
Acquisition
Cost |
|
|
Unrealized
Gain |
|
|
Unrealized
Loss |
|
|
Estimated Fair
Value |
|
Money market funds |
|
$ |
24,889 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
24,889 |
|
U.S. government obligations |
|
|
118,170 |
|
|
|
121 |
|
|
|
(2 |
) |
|
|
118,289 |
|
Corporate debt securities |
|
|
7,236 |
|
|
|
2 |
|
|
|
— |
|
|
|
7,238 |
|
Total cash equivalents and investments |
|
$ |
150,295 |
|
|
$ |
123 |
|
|
$ |
(2 |
) |
|
$ |
150,416 |
|
Classified as: |
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|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
$ |
24,889 |
|
Short-term investments |
|
|
|
|
|
|
|
|
|
|
|
125,527 |
|
Total cash equivalents and investments |
|
|
|
|
|
|
|
|
|
|
$ |
150,416 |
|
|