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Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Marketable Securities

The following is a summary of the Company’s marketable securities as of December 31, 2024 and 2023.

 

(in thousands)

 

Amortized Cost

 

 

Gross unrealized gain

 

 

Gross unrealized loss

 

 

Fair Value

 

December 31, 2024:

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

70,059

 

 

$

44

 

 

$

(27

)

 

$

70,076

 

U.S. government securities

 

 

51,046

 

 

 

18

 

 

 

 

 

 

51,064

 

Total

 

$

121,105

 

 

$

62

 

 

$

(27

)

 

$

121,140

 

December 31, 2023:

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

Agency securities

 

$

10,431

 

 

$

19

 

 

$

 

 

$

10,450

 

Corporate debt securities

 

 

67,806

 

 

 

193

 

 

 

(20

)

 

 

67,979

 

U.S. government securities

 

 

129,184

 

 

 

72

 

 

 

(41

)

 

 

129,215

 

Total

 

$

207,421

 

 

$

284

 

 

$

(61

)

 

$

207,644