Investments (Tables)

9 Months Ended

Sep. 30, 2024

Investments [Abstract]

Schedule of Cash, Cash Equivalents and Marketable Securities

The following tables summarize our cash equivalents and marketable securities measured at fair value on a recurring basis as of September 30, 2024 (in thousands):

	Fair Value Hierarchy	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Cash Equivalents		Marketable Securities
Money market funds	Level 2	$	21,566	$	–	$	–		$	21,566	$	21,566	$	–
Time deposits	Level 2		7,176		27		–			7,203		–		7,203
Commercial paper	Level 2		37,185		100		–			37,285		–		37,285
Asset backed securities	Level 2		7,672		48		–			7,720		–		7,720
Government bonds	Level 2		78,434		124		–			78,558		31,000		47,558
Corporate debt securities	Level 2		199,052		458		(24	)		199,486		528		198,958
Total		$	351,085	$	757	$	(24	)	$	351,818	$	53,094	$	298,724

Summary of Scheduled Maturity for Marketable Securities

The following table shows the fair value of the Company’s cash equivalents and marketable securities, by contractual maturity, as of September 30, 2024 (in thousands):

	September 30, 2024
Due in 1 year or less	$	324,702
Due in 1 year through 5 years		27,116
Total	$	351,818

Schedule of Investments Fair Values and Gross Unrealized Losses

The following table shows fair values and gross unrealized losses recorded to accumulated other comprehensive income, aggregated by category and the length of time that individual securities have been in a continuous loss position as of September 30, 2024 (in thousands):

	Less than 12 months					12 Months or Greater				Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Corporate debt securities	$	18,681	$	(24	)	$	–	$	–	$	18,681	$	(24	)
Total	$	18,681	$	(24	)	$	–	$	–	$	18,681	$	(24	)