Restricted Cash

6 Months Ended

Jun. 30, 2025

Cash and Cash Equivalents [Abstract]

The following table reconciles cash, cash equivalents, and restricted cash from the condensed consolidated balance sheets to the condensed consolidated statements of cash flows (in thousands):


	June 30,
	2025		2024
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	$	148,136	$	102,051
Restricted cash included within prepaid expenses and other current assets	—		80
Restricted cash included within other non-current assets	4,015		4,015
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows	$	152,151	$	106,146

Restricted cash included within prepaid expenses and other current assets was restricted by an agreement with the Bill & Melinda Gates Foundation. 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.