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Investments (Tables)
6 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Debt Securities, Available-for-sale
The Company’s investments in debt securities consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands):
June 30, 2024
 CostGross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
U.S. treasury securities$18,140 $— $(4)$18,136 
U.S. agency and government sponsored securities1,543 — (1)1,542 
Commercial paper9,876 — — 9,876 
Corporate bonds75,949 (107)75,845 
Certificate of deposit
500 — — 500 
Total debt securities$106,008 $$(112)$105,899 
Included in cash and cash equivalents$— $— $— $— 
Included in marketable securities$106,008 $$(112)$105,899 
December 31, 2023
 CostGross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
U.S. treasury securities$86,764 $20 $— $86,784 
U.S. agency and government sponsored securities2,732 — — 2,732 
Commercial paper10,144 — — 10,144 
Corporate bonds44,924 (27)44,906 
Total debt securities$144,564 $29 $(27)$144,566 
Included in cash and cash equivalents$1,595 $— $(1)$1,594 
Included in marketable securities$142,969 $29 $(26)$142,972 
Schedule of Gross Unrealized Losses and the Fair Value for Marketable Investments
The following table presents the gross unrealized losses and the fair value for those debt securities that were in an unrealized loss position for less than 12 months as of June 30, 2024 and December 31, 2023 (in thousands):
June 30, 2024December 31, 2023
Gross
Unrealized
Losses
Fair ValueGross
Unrealized
Losses
Fair Value
U.S. treasury securities$(4)$16,487 $— $— 
U.S. agency and government sponsored securities(1)1,542 — 741 
Corporate bonds(107)44,802 (27)30,621 
Total$(112)$62,831 $(27)$31,362 
Schedule of Equity Investments Included in Marketable Securities
The Company’s equity investments consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands):
Condensed Consolidated Balance Sheets LocationJune 30, 2024December 31, 2023
Money market funds(1)
Cash and cash equivalents$40,627 $101,842 
Marketable equity investments(1)
Marketable securities3,090 7,755 
Investment in non-marketable securities(2)
Other non-current assets10,000 10,000 
Non-marketable equity investment measured using the measurement alternative(2)
Other non-current assets— 4,000 
Total$53,717 $123,597 
(1)    Investments with readily determinable fair values.
(2)    Investment in privately held company without readily determinable fair value.