| Summary of Amortized Cost and Fair Value of Cash Equivalents and Marketable Securities by Major Investment Category |
The following tables summarize the amortized cost and fair value of the Company’s cash equivalents and marketable securities by major investment category for the periods indicated:
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|
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June 30, 2025 |
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Amortized
Cost |
|
|
Gross
Unrealized
Gain |
|
|
Gross
Unrealized
Loss |
|
|
Estimated
Fair Value |
|
|
|
(in thousands) |
|
Cash equivalents: |
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|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
57,780 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
57,780 |
|
Commercial paper |
|
|
990 |
|
|
|
- |
|
|
|
- |
|
|
|
990 |
|
Total cash equivalents |
|
$ |
58,770 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
58,770 |
|
Marketable securities: |
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|
|
|
|
|
|
|
|
|
|
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Commercial paper |
|
|
68,234 |
|
|
|
— |
|
|
|
(10 |
) |
|
|
68,224 |
|
Certificates of deposit |
|
|
607 |
|
|
|
— |
|
|
|
— |
|
|
|
607 |
|
U.S. government securities |
|
|
11,956 |
|
|
|
— |
|
|
|
(3 |
) |
|
|
11,953 |
|
Corporate debt securities |
|
|
12,283 |
|
|
|
— |
|
|
|
(2 |
) |
|
|
12,281 |
|
Total marketable securities |
|
|
93,080 |
|
|
|
— |
|
|
|
(15 |
) |
|
|
93,065 |
|
Total cash equivalents and marketable securities |
|
$ |
151,850 |
|
|
$ |
— |
|
|
$ |
(15 |
) |
|
$ |
151,835 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
|
Amortized
Cost |
|
|
Gross
Unrealized
Gain |
|
|
Gross
Unrealized
Loss |
|
|
Estimated
Fair Value |
|
|
|
(in thousands) |
|
Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
94,411 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
94,411 |
|
Commercial paper |
|
|
30,875 |
|
|
|
6 |
|
|
|
— |
|
|
|
30,881 |
|
Total cash equivalents |
|
$ |
125,286 |
|
|
$ |
6 |
|
|
$ |
— |
|
|
$ |
125,292 |
|
Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
$ |
61,374 |
|
|
$ |
11 |
|
|
$ |
(2 |
) |
|
$ |
61,383 |
|
Certificates of deposit |
|
$ |
1,918 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,918 |
|
U.S. government securities |
|
|
74,411 |
|
|
|
36 |
|
|
|
(3 |
) |
|
|
74,444 |
|
Corporate debt securities |
|
|
27,671 |
|
|
|
17 |
|
|
|
(3 |
) |
|
|
27,685 |
|
Total marketable securities |
|
|
165,374 |
|
|
|
64 |
|
|
|
(8 |
) |
|
|
165,430 |
|
Total cash equivalents and marketable securities |
|
$ |
290,660 |
|
|
$ |
70 |
|
|
$ |
(8 |
) |
|
$ |
290,722 |
|
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