| Schedule of Cash, Cash Equivalents and Available-for-Sale Securities |
The following tables show the Company’s cash, cash equivalents and available-for-sale securities by significant investment category as of September 30, 2025 and December 31, 2024:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2025 | | (in thousands) | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized (Losses) | | Aggregate Fair Value | | Cash and Cash Equivalents | | Short-term Marketable Securities(1) | | Long-term Marketable Securities(2) | | | Level 1: | | | | | | | | | | | | | | | | Cash and cash equivalents | $ | 392,604 | | | $ | — | | | $ | — | | | $ | 392,604 | | | $ | 392,604 | | | $ | — | | | $ | — | | | | Subtotal | 392,604 | | | — | | | — | | | 392,604 | | | 392,604 | | | — | | | — | | | | Level 2: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial paper | 15,317 | | | 15 | | | — | | | 15,332 | | | — | | | 15,332 | | | — | | | | Corporate bonds | 216,087 | | | 563 | | | (12) | | | 216,638 | | | — | | | 139,999 | | | 76,639 | | | | U.S. government agency securities | 238,995 | | | 781 | | | (168) | | | 239,608 | | | — | | | 183,134 | | | 56,474 | | | | Subtotal | 470,399 | | | 1,359 | | | (180) | | | 471,578 | | | — | | | 338,465 | | | 133,113 | | | | Total | $ | 863,003 | | | $ | 1,359 | | | $ | (180) | | | $ | 864,182 | | | $ | 392,604 | | | $ | 338,465 | | | $ | 133,113 | | |
(1)The Company’s short-term marketable securities mature in one year or less. (2)The Company’s long-term marketable securities mature between one and two years. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | (in thousands) | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized (Losses) | | Aggregate Fair Value | | Cash and Cash Equivalents | | Short-term Marketable Securities(1) | | Long-term Marketable Securities(2) | | | Level 1: | | | | | | | | | | | | | | | | Cash and cash equivalents | $ | 344,865 | | | $ | — | | | $ | — | | | $ | 344,865 | | | $ | 344,865 | | | $ | — | | | $ | — | | | | Subtotal | 344,865 | | | — | | | — | | | 344,865 | | | 344,865 | | | — | | | — | | | | Level 2: | | | | | | | | | | | | | | | | Commercial paper | 15,373 | | | 4 | | | (8) | | | 15,369 | | | — | | | 15,369 | | | — | | | | Corporate bonds | 177,771 | | | 423 | | | (225) | | | 177,969 | | | — | | | 86,693 | | | 91,276 | | | | U.S. government agency securities | 211,283 | | | 318 | | | (173) | | | 211,428 | | | — | | | 150,590 | | | 60,838 | | | | Subtotal | 404,427 | | | 745 | | | (406) | | | 404,766 | | | — | | | 252,652 | | | 152,114 | | | | Total | $ | 749,292 | | | $ | 745 | | | $ | (406) | | | $ | 749,631 | | | $ | 344,865 | | | $ | 252,652 | | | $ | 152,114 | | |
(1)The Company’s short-term marketable securities mature in one year or less. (2)The Company’s long-term marketable securities mature between one and two years.
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