| Summary of Company's Cash Equivalents and Marketable Securities |
The following tables summarize the Company’s cash equivalents and marketable securities as of June 30, 2024 and December 31, 2023:
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June 30, 2024 |
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Total |
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|
Quoted
Prices in
Active
Markets
(Level 1) |
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|
Significant
Other
Observable
Inputs
(Level 2) |
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|
Significant
Unobservable
Inputs
(Level 3) |
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(in thousands) |
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Cash equivalents: |
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Money market funds |
|
$ |
93,902 |
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|
$ |
93,902 |
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|
$ |
— |
|
|
$ |
— |
|
U.S. commercial paper |
|
|
4,972 |
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|
|
— |
|
|
|
4,972 |
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|
|
— |
|
Total cash equivalents |
|
|
98,874 |
|
|
|
93,902 |
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|
|
4,972 |
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|
|
— |
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Marketable securities: |
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U.S. government securities |
|
|
84,508 |
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|
|
— |
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|
|
84,508 |
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|
|
— |
|
U.S. corporate bonds |
|
|
205,394 |
|
|
|
— |
|
|
|
205,394 |
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|
|
— |
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International corporate bonds |
|
|
109,490 |
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|
|
— |
|
|
|
109,490 |
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|
|
— |
|
U.S. commercial paper |
|
|
67,154 |
|
|
|
— |
|
|
|
67,154 |
|
|
|
— |
|
International commercial paper |
|
|
45,109 |
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|
|
— |
|
|
|
45,109 |
|
|
|
— |
|
U.S. certificates of deposit |
|
|
2,203 |
|
|
|
— |
|
|
|
2,203 |
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|
|
— |
|
U.S. municipal securities |
|
|
33,034 |
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|
|
— |
|
|
|
33,034 |
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|
|
— |
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Total marketable securities |
|
|
546,892 |
|
|
|
— |
|
|
|
546,892 |
|
|
|
— |
|
|
|
$ |
645,766 |
|
|
$ |
93,902 |
|
|
$ |
551,864 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
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|
|
|
|
|
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|
|
|
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|
December 31, 2023 |
|
|
|
Total |
|
|
Quoted
Prices in
Active
Markets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
|
|
(in thousands) |
|
Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
59,852 |
|
|
$ |
59,852 |
|
|
$ |
— |
|
|
$ |
— |
|
U.S. government securities |
|
|
8,695 |
|
|
|
— |
|
|
|
8,695 |
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|
— |
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Total cash equivalents |
|
|
68,547 |
|
|
|
59,852 |
|
|
|
8,695 |
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|
|
— |
|
Marketable securities: |
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|
|
|
|
|
|
|
|
|
|
|
U.S. government securities |
|
|
166,925 |
|
|
|
— |
|
|
|
166,925 |
|
|
|
— |
|
U.S. corporate bonds |
|
|
210,198 |
|
|
|
— |
|
|
|
210,198 |
|
|
|
— |
|
International corporate bonds |
|
|
97,675 |
|
|
|
— |
|
|
|
97,675 |
|
|
|
— |
|
U.S. commercial paper |
|
|
23,370 |
|
|
|
— |
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|
23,370 |
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|
|
— |
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International commercial paper |
|
|
46,900 |
|
|
|
— |
|
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|
46,900 |
|
|
|
— |
|
U.S. certificates of deposit |
|
|
8,830 |
|
|
|
— |
|
|
|
8,830 |
|
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|
— |
|
U.S. municipal securities |
|
|
128,294 |
|
|
|
— |
|
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|
128,294 |
|
|
|
— |
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Total marketable securities |
|
|
682,192 |
|
|
|
— |
|
|
|
682,192 |
|
|
|
— |
|
|
|
$ |
750,739 |
|
|
$ |
59,852 |
|
|
$ |
690,887 |
|
|
$ |
— |
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