Investments (Tables)

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Short-term investments as of June 30, 2024, consist of the following (in thousands):

	Adjusted Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury bills	$	68,187	$	—	$	(11)	$	68,176
Corporate bonds	26,280		2		(5)		26,277
Government and government agency	2,824		—		(3)		2,821
Asset-backed bonds	723		—		—		723
Total short-term investments	$	98,014	$	2	$	(19)	$	97,997

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