| Summary of Cash and Cash Equivalents and Marketable Securities |
Cash and cash equivalents and marketable securities were comprised of the following:
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Amortized Cost |
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Unrealized Gains |
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Unrealized Losses |
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Fair Value |
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(in thousands) |
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As of June 30, 2025 |
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Cash and cash equivalents: |
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Cash |
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$ |
16,195 |
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$ |
— |
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$ |
— |
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$ |
16,195 |
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Money market funds |
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48,468 |
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— |
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— |
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48,468 |
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Commercial paper |
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2,993 |
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— |
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— |
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2,993 |
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Total cash and cash equivalents: |
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$ |
67,656 |
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$ |
— |
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$ |
— |
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$ |
67,656 |
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Marketable securities: |
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Commercial paper |
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41,824 |
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— |
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(8 |
) |
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41,816 |
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Total marketable securities |
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$ |
41,824 |
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$ |
— |
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$ |
(8 |
) |
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$ |
41,816 |
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As of December 31, 2024 |
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Cash and cash equivalents: |
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Cash |
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$ |
43,762 |
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$ |
— |
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$ |
— |
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$ |
43,762 |
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Money market funds |
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25,522 |
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— |
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— |
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25,522 |
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Commercial paper |
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15,430 |
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3 |
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— |
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15,433 |
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Total cash and cash equivalents: |
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$ |
84,714 |
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$ |
3 |
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$ |
— |
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$ |
84,717 |
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Marketable securities: |
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U.S. Treasury and government-sponsored
enterprises |
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$ |
3,013 |
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$ |
1 |
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$ |
— |
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$ |
3,014 |
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Commercial paper |
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40,688 |
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39 |
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(1 |
) |
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40,726 |
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Corporate debt securities |
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24,322 |
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13 |
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(1 |
) |
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24,334 |
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Total marketable securities |
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$ |
68,023 |
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$ |
53 |
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$ |
(2 |
) |
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$ |
68,074 |
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