Cash, Cash Equivalents and Short-Term Investments

3 Months Ended

Mar. 31, 2023

Cash, Cash Equivalents and Short-Term Investments

Cash, Cash Equivalents and Short-Term Investments

3. Cash, Cash Equivalents and Short-Term Investments

As of March 31, 2023, our cash and cash equivalents included $1.1 million of cash accounts in banking institutions and $145.8 million in money market funds. As of December 31, 2022, our cash and cash equivalents included $10.6 million of cash accounts in banking institutions and $230.0 million in money market funds. Our cash and cash equivalents are maintained in federally insured financial institutions in excess of the federally insured limit.

The following table provides details regarding our portfolio of short-term investments (in thousands):

	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
March 31, 2023
U.S. Treasury securities	$	39,004	$	67	$	—	$	39,071
U.S. Government Agency securities		13,219		7		—		13,226
Total	$	52,223	$	74	$	—	$	52,297

We did not have any short-term investments as of December 31, 2022.