Marketable Securities (Tables)

3 Months Ended

Mar. 31, 2025

Marketable Securities [Abstract]

Summary of Available-for-Sale Debt Securities

The following tables summarize the available-for-sale debt securities held at March 31, 2025 and December 31, 2024 (in thousands):

Description	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
March 31, 2025
US treasury securities	$	171,449	$	282	$	(75	)	$	171,656
US government agencies		180,165		50		(608	)		179,607
Commercial Paper		5,926		—		(1	)		5,925
Corporate securities		328,035		538		(242	)		328,331
Total	$	685,575	$	870	$	(926	)	$	685,519

Description	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
December 31, 2024
US treasury securities	$	158,518	$	190	$	(244	)	$	158,464
US government agencies		179,030		33		(1,248	)		177,815
Commercial Paper		15,847		5		-			15,852
Corporate securities		378,736		424		(644	)		378,516
Total	$	732,131	$	652	$	(2,136	)	$	730,647