Restricted Cash

12 Months Ended

Dec. 31, 2024

Cash and Cash Equivalents [Abstract]

A reconciliation of cash, cash equivalents and restricted cash from the consolidated balance sheets to the consolidated statements of cash flows as of December 31, 2024 and 2023 is as follows (in thousands):


	2024		2023
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	$	88,775	$	134,437
Restricted cash included within prepaid expenses and other current assets	—		199
Restricted cash included within other non-current assets	4,015		4,014
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows	$	92,790	$	138,650

Restricted cash included within prepaid expenses and other current assets is restricted by an agreement with the Gates Foundation. The restriction on these funds lapses as the Company fulfills its obligations in the agreement. As of December 31, 2024, the Company has fulfilled all of its obligations in the agreement, and all of the restrictions on these funds have lapsed. Restricted cash included within other non-current assets is held as collateral to secure a letter of credit for one of our office leases and is expected to be maintained as a security deposit throughout the duration of the lease.