Cash, Cash Equivalents and Marketable Securities

6 Months Ended

Jun. 30, 2025

Cash, Cash Equivalents and Marketable Securities

Cash, Cash Equivalents and Marketable Securities

4. Cash, Cash Equivalents and Marketable Securities

The following table provides details regarding the Company’s portfolio of cash and cash equivalents:


		Cost or
(in thousands)		Amortized cost			Unrealized gains			Unrealized losses			Fair value
June 30, 2025:
Cash accounts in banking institutions		$	2,500		$	—		$	—		$	2,500
Money market funds			55,126			—			—			55,126
Total		$	57,626		$	—		$	—		$	57,626

December 31, 2024:
Cash accounts in banking institutions		$	3,527		$	—		$	—		$	3,527
Money market funds			29,058			—			—			29,058
Commercial paper			4,988			—			—			4,988
Total		$	37,573		$	—		$	—		$	37,573

As of June 30, 2025, all of the Company’s marketable securities matured and the proceeds were invested into money market funds, which are included in cash and cash equivalents on the Company’s balance sheet.