Cash Equivalents and Short-Term Investments

9 Months Ended

Sep. 30, 2020

Cash And Cash Equivalents [Abstract]

Cash Equivalents and Short-Term Investments

4. Cash Equivalents and Short-Term Investments

As of September 30, 2020, our cash equivalent investments consisted of money market funds with a fair value of $213.3 million, with no unrealized gains or losses. The following is a summary of the Company’s cash equivalents and short-term investments as of December 31, 2019:

	December 31, 2019
	Amortized Cost Basis		Unrealized Gains		Unrealized Losses			Fair Value
	(in thousands)
U.S. Treasury securities	$	43,219	$	27	$	(1	)	$	43,245
Money market funds		29,386		—		—			29,386
Reverse repurchase agreements		10,000		—		—			10,000
Commercial paper		6,958		—		—			6,958
Corporate bonds		8,087		9		—			8,096
Total	$	97,650	$	36	$	(1	)	$	97,685
Reported as:
Cash equivalents								$	41,381
Short-term investments									56,304
Total								$	97,685

The Company recognized no material gains or losses on its cash equivalents and short-term investments in the periods presented.