The following tables present the Company’s investments, which consist of cash equivalents and available-for-sale marketable securities, that are measured at fair value on a recurring basis as of August 31, 2024 and November 30, 2023 (in thousands):


August 31, 2024	Level	Amortized cost		Unrealized gain		Unrealized loss		Estimated fair value
Money market funds	Level 1	$	59,239	$	—	$	—	$	59,239
U.S. treasury securities	Level 1	344,725		333		(3)		345,055
U.S. government agency securities	Level 2	25,744		24		(4)		25,764
Long-term marketable securities:
U.S. treasury securities	Level 1	1,984		14		—		1,998
U.S. government agency securities	Level 2	7,494		1		(21)		7,474
Total		$	439,186	$	372	$	(28)	$	439,530
Included in cash and cash equivalents		$	81,042	$	8	$	—	$	81,050
Included in marketable securities, current		$	348,666	$	349	$	(7)	$	349,008
Included in marketable securities, non-current		$	9,478	$	15	$	(21)	$	9,472


November 30, 2023	Level	Amortized cost		Unrealized gain		Unrealized loss		Estimated fair value
Money market funds	Level 1	$	44,187	$	—	$	—	$	44,187
U.S. treasury securities	Level 1	160,991		61		(29)		161,023
Corporate debt securities	Level 2	3,487		—		(56)		3,431
U.S. government agency securities	Level 2	69,389		5		(567)		68,827
Long-term marketable securities:
U.S. government agency securities	Level 2	7,490		—		(69)		7,421
Total		$	285,544	$	66	$	(721)	$	284,889
Included in cash and cash equivalents		$	44,187	$	—	$	—	$	44,187
Included in marketable securities, current		$	233,867	$	66	$	(652)	$	233,281
Included in marketable securities, non-current		$	7,490	$	—	$	(69)	$	7,421