v3.25.2
Marketable Securities
6 Months Ended
Jun. 30, 2025
Marketable Securities  
Marketable Securities

4. Marketable Securities

The following table summarizes the Company’s investments as of June 30, 2025 (in thousands):

Gross

Amortized

Unrealized

Estimated

    

Cost

    

Gains

    

Losses

    

Fair Value

Marketable securities available-for-sale:

  

  

  

U.S. treasury obligations and government agency securities

$

142,030

$

68

$

(10)

$

142,088

Total available-for-sale securities

$

142,030

$

68

$

(10)

$

142,088

The following table summarizes the Company’s investments as of December 31, 2024 (in thousands):

Gross

Amortized

Unrealized

Estimated

    

Cost

    

Gains

    

Losses

    

Fair Value

Marketable securities available-for-sale:

U.S. treasury obligations and government agency securities

$

259,240

$

180

$

(20)

$

259,400

Total available-for-sale securities

$

259,240

$

180

$

(20)

$

259,400

Amortized cost approximated fair value for money market funds and U.S. treasury obligations included in cash and cash equivalents.

The Company believes that U.S. treasury obligations and government agency securities are subject to minimal credit risk. As a result, the Company did not record any charges for credit-related impairments for its available-for-sale securities for the six months ended June 30, 2025.