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Available-for-Sale Marketable Securities (Tables)
9 Months Ended
Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-Sale Marketable Securities

The following table summarizes the amortized cost, unrealized gains and losses and fair value of the Company’s available-for-sale marketable securities as of September 30, 2024 (in thousands):

 

 

Total

 

 

Total

 

 

Total

 

 

Total

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

As of September 30, 2024:

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

Money market funds (included in cash and cash equivalents)

 

$

60,794

 

 

$

 

 

$

 

 

$

60,794

 

U.S. Treasury obligations ($2,391 included in cash and cash equivalents)

 

$

219,162

 

 

$

153

 

 

$

 

 

$

219,315

 

Corporate debt obligations (included in cash and cash equivalents)

 

 

38,927

 

 

 

1

 

 

 

(1

)

 

 

38,927

 

Total available-for-sale marketable securities

 

$

318,883

 

 

$

154

 

 

$

(1

)

 

$

319,036

 

The following table summarizes the amortized cost, unrealized gains and losses and fair value of the Company’s available-for-sale marketable securities as of December 31, 2023 (in thousands):

 

 

 

Total

 

 

Total

 

 

Total

 

 

Total

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

As of December 31, 2023:

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

U.S. Treasury bills

 

$

22,892

 

 

$

4

 

 

$

 

 

$

22,896

 

Total available-for-sale marketable securities

 

$

22,892

 

 

$

4

 

 

$

 

 

$

22,896