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Available-for-Sale Marketable Securities (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2024 (in thousands):

 

 

 

Total

 

 

Total

 

 

Total

 

 

Total

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

As of December 31, 2024

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

Money market funds (included in cash and cash equivalents)

 

$

36,745

 

 

$

 

 

$

 

 

$

36,745

 

U.S. Treasury obligations ($25,426 included in cash and cash equivalents)

 

 

214,677

 

 

 

107

 

 

 

 

 

 

214,784

 

Corporate debt obligations (included in cash and cash equivalents)

 

 

33,912

 

 

 

 

 

 

(2

)

 

 

33,910

 

Total available for sale marketable securities

 

$

285,334

 

 

$

107

 

 

$

(2

)

 

$

285,439

 

 

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