Cash, Cash Equivalents and Marketable Securities

3 Months Ended

Mar. 31, 2025

Note 4. Cash, cash equivalents and marketable securities

A summary of cash, cash equivalents and marketable securities held by the Company as of March 31, 2025 and December 31, 2024 is as follows:


	As at March 31, 2025
(In thousands of USD)	Amortized Cost		Unrealized gains		Unrealized losses			Fair Value
Cash and cash equivalents:
Cash		707,035		—		—			707,035
Money market funds (Level 1)		41,385		—		—			41,385
Total cash and cash equivalents		748,420		—		—			748,420
Marketable securities
US government securities due within one year (Level 1)		35,454		13		—			35,467
US government agency securities due within one year (Level 2)		24,591		1		(2	)		24,590
Total marketable securities		60,045		14		(2	)		60,057


	As at December 31, 2024
(In thousands of USD)	Amortized Cost		Unrealized gains		Unrealized losses		Fair Value
Cash and cash equivalents:
Cash		733,826		—		—		733,826
Money market funds (Level 1)		25,444		—		—		25,444
US government agency securities (Level 2)		12,473		—		—		12,473
Total cash and cash equivalents		771,743		—		—		771,743
Marketable securities
US government securities due within one year (Level 1)		37,711		34		—		37,745
US government agency securities due within one year (Level 2)		24,691		11		—		24,702
Total marketable securities		62,402		45		—		62,447