The following tables show the Company’s Money Market Funds, U.S. Treasury securities, U.S. government agency securities and corporate debt securities by significant investment category as of March 31, 2024 and December 31, 2023 (in thousands):


		As of March 31, 2024								As of December 31, 2023
		Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value		Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value
Money Market Funds	Level 1	$	66,387	$	—	$	—	$	66,387	$	57,241	$	—	$	—	$	57,241
U.S. Treasury securities	Level 2	23,493		—		(17)		23,476		27,250		46		(8)		27,288
U.S. Government agency securities	Level 2	122,121		107		(234)		121,994		133,655		563		(132)		134,086
Corporate debt securities	Level 2	239,912		43		(389)		239,566		269,761		213		(337)		269,637
Total financial assets		$	451,913	$	150	$	(640)	$	451,423	$	487,907	$	822	$	(477)	$	488,252


	As of March 31, 2024								As of December 31, 2023
	Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value		Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value
Classified as:
Cash equivalents	$	83,336	$	—	$	(5)	$	83,331	$	57,241	$	—	$	—	$	57,241
Short-term investments	368,577		150		(635)		368,092		430,666		822		(477)		431,011
Total	$	451,913	$	150	$	(640)	$	451,423	$	487,907	$	822	$	(477)	$	488,252