v3.25.2
Cash, Cash Equivalents and Restricted Cash (Tables)
6 Months Ended
Jun. 30, 2025
Cash and Cash Equivalents [Abstract]  
Schedule of Reconciliation of the Cash, Cash Equivalents And Restricted Cash
The following table is a reconciliation of the cash, cash equivalents and restricted cash:
June 30,December 31,
(in thousands)20252024
Cash and cash equivalents$21,576 $48,277 
Restricted cash (1)
3,529 3,538 
Total$25,105 $51,815 
(1)As of June 30, 2025 and December 31, 2024, restricted cash balance primarily consisted of a letter of credit for the Alameda facility lease of $2.9 million, and a letter of credit for the HQ lease of $0.5 million.
Schedule of Our Cash Equivalents and Restricted Cash
The following table is a summary of the Company’s available-for-sale securities:
June 30, 2025
(in thousands)Amortized CostFair Value
Money market funds$22,995 $22,995 
Total available-for-sale securities$22,995 $22,995 
Classified as:
Cash equivalents$19,466 
Restricted cash3,529 
Total available-for-sale securities$22,995 
December 31, 2024
(in thousands)Amortized CostFair Value
Money market funds$39,407 $39,407 
Total available-for-sale securities$39,407 $39,407 
Classified as:
Cash equivalents$35,869 
Restricted cash3,538 
Total available-for-sale securities$39,407