Investments (Tables)

9 Months Ended

Sep. 30, 2024

Investments [Abstract]

Schedule of Available for Sale Securities

The following tables summarize the Company's investments in available-for-sale securities by significant investment category reported as short-term as of September 30, 2024 (in thousands):

	September 30, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Loss		Estimated Fair Value
U.S. Treasury	$	99,322	$	106	$	(5)	$	99,423
Commercial paper	16,053		29				16,082
Total available-for-sale investments	$	115,375	$	135	$	(5)	$	115,505

The following tables summarize the Company's investments in available-for-sale securities by significant investment category reported as short-term as of December 31, 2023 (in thousands):

	December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Loss		Estimated Fair Value
U.S. Treasury	$	47,347	$	19	$	—	$	47,366
Federal agency securities	35,840		—		(22)		35,818
Commercial paper	11,937		—		(10)		11,927
Total available-for-sale investments	$	95,124	$	19	$	(32)	$	95,111

Schedule of the Contractual Obligations for Purchase Obligations

The following table summarizes the contractual maturities of the Company's available-for-sale securities at September 30, 2024 (in thousands):

	September 30, 2024
	Amortized Cost		Fair Value
Mature in less than one year	$	115,375	$	115,505
Total	$	115,375	$	115,505

The following table summarizes the contractual maturities of the Company's available-for-sale securities at December 31, 2023 (in thousands):

	December 31, 2023
	Amortized Cost		Fair Value
Mature in less than one year	$	95,124	$	95,111
Total	$	95,124	$	95,111

As of September 30, 2024, future payments under these contractual obligations were as follows (in thousands):

2024 (excluding the nine months ended September 30, 2024)	$	477
2025	2,125
2026	1,969
2027	902
Total Purchase Obligations	$	5,473