v3.25.2
Short-term Investments (Tables)
 6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Summary of Major Security Type of Investments

The Company’s investment policy seeks to preserve capital and maintain sufficient liquidity to meet operational and other needs of the business. The following table summarizes, by major security type, the Company’s investments (in thousands):

 

As of June 30, 2025

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

129,013

 

 

$

26

 

 

$

(32

)

 

$

129,007

 

Total short-term investments

 

$

129,013

 

 

$

26

 

 

$

(32

)

 

$

129,007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2024

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

180,961

 

 

$

255

 

 

$

(17

)

 

$

181,199

 

Total short-term investments

 

$

180,961

 

 

$

255

 

 

$

(17

)

 

$

181,199