Cash, Cash Equivalents and Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2024

Cash and Cash Equivalents [Abstract]

Schedule of cash, cash equivalents and available-for-sale marketable securities

A summary of cash, cash equivalents and available-for-sale marketable securities held by the Company as of June 30, 2024 and December 31, 2023 is as follows (in thousands):

	June 30, 2024
	Cost		Unrealized gains		Unrealized losses		Fair value
Cash and cash equivalents:
Cash (Level 1)	$	20,323	$	—	$	—	$	20,323
Money market funds (Level 1)	476,755		—		—		476,755
Corporate debt securities due within 3 months of date of purchase (Level 2)	2,519		—		—		2,519
Total cash and cash equivalents	499,597		—		—		499,597
Marketable securities:
Corporate debt securities due within 1 year of date of purchase (Level 2)	344,202		5		(224)		343,983
U.S. government and government sponsored entities due within 1 year of date of purchase (Level 2)	219,363		—		(149)		219,214
Total cash, cash equivalents, restricted cash, and marketable securities	$	1,063,162	$	5	$	(373)	$	1,062,794

	December 31, 2023
	Cost		Unrealized gains		Unrealized losses		Fair value
Cash and cash equivalents:
Cash (Level 1)	$	2,729	$	—	$	—	$	2,729
Money market funds (Level 1)	78,555		—		—		78,555
US government and government sponsored entities (Level 1)	14,967		—		—		14,967
Corporate debt securities due within 3 months of date of purchase (Level 2)	3,664		—		—		3,664
Total cash and cash equivalents	99,915		—		—		99,915
Marketable securities:
Corporate debt securities due within 1 year of date of purchase (Level 2)	382,028		195		(7)		382,216
US government and government sponsored entities due within 1 year of date of purchase (Level 2)	150,743		280		(1)		151,022
Corporate debt securities due within 1 to 2 years of date of purchase (Level 2)	977		1		—		978
Total cash, cash equivalents and marketable securities	$	633,663	$	476	$	(8)	$	634,131