v3.25.2
Investments (Tables)
 6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments, Classified as Available-for-Sale

The following tables summarize our investments, which are classified as available-for-sale and recorded at fair value (in thousands):

 

 

 

As of June 30, 2025

 

 

 

Amortized
Cost

 

 

Total
Unrealized
Gains

 

 

Total
Unrealized
Losses

 

 

Aggregate Fair Value

 

Corporate debt securities

 

$

12,953

 

 

$

19

 

 

$

—

 

 

$

12,972

 

 

 

 

As of December 31, 2024

 

 

 

Amortized
Cost

 

 

Total
Unrealized
Gains

 

 

Total
Unrealized
Losses

 

 

Aggregate Fair Value

 

Corporate debt securities

 

$

39,027

 

 

$

66

 

 

$

(2

)

 

$

39,091

 

Commercial paper

 

 

3,165

 

 

 

1

 

 

 

—

 

 

 

3,166

 

U.S. government and agency securities

 

 

3,978

 

 

 

1

 

 

 

—

 

 

 

3,979

 

Total

 

$

46,170

 

 

$

68

 

 

$

(2

)

 

$

46,236

 
Debt Securities Available-For-Sale The following table summarizes our investments in an unrealized loss position as of December 31, 2024 for which an allowance for credit losses has not been recorded, aggregated by investment type and length of time in a continuous unrealized loss position (in thousands):

 

 

 

As of December 31, 2024

 

 

 

Less than 12 Months

 

 

12 Months or Longer

 

 

Total

 

 

 

Aggregate Related Fair Value

 

 

Unrealized
Losses

 

 

Aggregate Related Fair Value

 

 

Unrealized
Losses

 

 

Aggregate Related Fair Value

 

 

Unrealized
Losses

 

Corporate debt securities

 

$

4,456

 

 

$

(2

)

 

$

—

 

 

$

—

 

 

$

4,456

 

 

$

(2

)

Commercial paper

 

 

1,175

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,175

 

 

 

—

 

Total

 

$

5,631

 

 

$

(2

)

 

$

—

 

 

$

—

 

 

$

5,631

 

 

$

(2

)