Investments (Tables)

3 Months Ended

Mar. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Short-term investments as of March 31, 2024, consist of the following (in thousands):

	Adjusted Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury bills	$	70,371	$	—	$	(16)	$	70,355
Corporate bonds	24,493		7		(2)		24,498
Government and government agency	2,789		—		(1)		2,788
Asset-backed bonds	714		—		—		714
Total short-term investments	$	98,367	$	7	$	(19)	$	98,355

Short-term investments as of December 31, 2023, consist of the following (in thousands):

	Adjusted Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury bills	$	63,809	$	24	$	—	$	63,833
Corporate bonds	39,152		18		(1)		39,169
Government and government agency	20,624		—		(14)		20,610
Asset-backed bonds	705		1		—		706
Total short-term investments	$	124,290	$	43	$	(15)	$	124,318