| Schedule of Company's investing portfolio |
The following is a summary of the Company’s investing portfolio (in thousands):
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AS OF JUNE 30, 2025 |
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UNREALIZED |
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COST |
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GAINS |
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LOSSES |
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FAIR VALUE |
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Marketable securities |
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Maturities within one year: |
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U.S. treasury securities |
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$ |
186,447 |
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$ |
192 |
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$ |
(32 |
) |
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$ |
186,607 |
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Debt securities issued by U.S. government agencies |
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90,048 |
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316 |
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(11 |
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90,353 |
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Commercial paper |
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34,306 |
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— |
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(10 |
) |
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34,296 |
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Corporate debt securities |
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69,981 |
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16 |
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(25 |
) |
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69,972 |
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Total maturities within one year |
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380,782 |
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524 |
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(78 |
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381,228 |
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Maturities between one and two years: |
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U.S. treasury securities |
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$ |
67,914 |
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$ |
156 |
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$ |
(32 |
) |
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$ |
68,038 |
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Debt securities issued by U.S. government agencies |
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26,409 |
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92 |
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— |
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26,501 |
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Corporate debt securities |
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21,207 |
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32 |
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(9 |
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21,230 |
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Total maturities between one and two years |
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115,530 |
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280 |
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(41 |
) |
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115,769 |
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Total marketable securities |
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$ |
496,312 |
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$ |
804 |
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$ |
(119 |
) |
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$ |
496,997 |
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AS OF DECEMBER 31, 2024 |
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UNREALIZED |
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COST |
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GAINS |
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LOSSES |
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FAIR VALUE |
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Marketable securities: |
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Maturities within one year: |
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U.S. treasury securities |
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$ |
158,332 |
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$ |
469 |
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$ |
(34 |
) |
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$ |
158,767 |
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Debt securities issued by U.S. government agencies |
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115,425 |
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169 |
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— |
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115,594 |
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Commercial paper |
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35,508 |
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49 |
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— |
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35,557 |
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Corporate debt securities |
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68,831 |
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146 |
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(31 |
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68,946 |
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Total maturities within one year |
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378,096 |
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833 |
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(65 |
) |
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378,864 |
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Maturities between one and two years: |
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U.S. treasury securities |
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$ |
90,330 |
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$ |
109 |
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$ |
(271 |
) |
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$ |
90,168 |
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Debt securities issued by U.S. government agencies |
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102,707 |
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470 |
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(75 |
) |
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103,102 |
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Corporate debt securities |
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17,232 |
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— |
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(86 |
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17,146 |
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Total maturities between one and two years |
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210,269 |
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579 |
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(432 |
) |
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210,416 |
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Total marketable securities |
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$ |
588,365 |
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$ |
1,412 |
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$ |
(497 |
) |
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$ |
589,280 |
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