Cash, Cash Equivalents and Marketable Securities

6 Months Ended

Jun. 30, 2025

Note 4. Cash, cash equivalents and marketable securities

A summary of cash, cash equivalents and marketable securities held by the Company as of June 30, 2025 and December 31, 2024 is as follows:


	As at June 30, 2025
(In thousands of USD)	Amortized Cost		Unrealized gains		Unrealized losses			Fair Value
Cash and cash equivalents:
Cash		530,905		—		—			530,905
Money market funds (Level 1)		32,959		—		—			32,959
Total cash and cash equivalents		563,864		—		—			563,864
Marketable securities
US government securities due within one year (Level 1)		150,762		1		(99	)		150,664
US government agency securities due within one year (Level 2)		24,641		—		(7	)		24,634
US government securities due between one and two years (Level 1)		44,162		14		(4	)		44,172
Total marketable securities		219,565		15		(110	)		219,470


	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