| Summary of Investments |
The following table summarizes the Company’s investments accounted for as available-for-sale securities as of December 31, 2024 and 2023 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maturity
(in years) |
|
Amortized
Cost |
|
|
Unrealized
Losses |
|
|
Unrealized
Gains |
|
|
Estimated
Fair Value |
|
December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Classified as current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market fund |
|
1 or less |
|
$ |
29,491 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
29,491 |
|
U.S. Treasury debt securities |
|
1 or less |
|
|
40,206 |
|
|
|
(6 |
) |
|
|
91 |
|
|
|
40,291 |
|
Non-US government securities |
|
1 or less |
|
|
2,994 |
|
|
|
— |
|
|
|
1 |
|
|
|
2,995 |
|
Municipal securities |
|
1 or less |
|
|
2,490 |
|
|
|
— |
|
|
|
2 |
|
|
|
2,492 |
|
Corporate debt securities |
|
1 or less |
|
|
170,169 |
|
|
|
(70 |
) |
|
|
228 |
|
|
|
170,327 |
|
Commercial paper |
|
1 or less |
|
|
26,903 |
|
|
|
(10 |
) |
|
|
14 |
|
|
|
26,907 |
|
Total short-term investments |
|
|
|
$ |
272,253 |
|
|
$ |
(86 |
) |
|
$ |
336 |
|
|
$ |
272,503 |
|
Classified as non-current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury debt securities |
|
Greater than 1 |
|
$ |
9,752 |
|
|
$ |
(9 |
) |
|
$ |
2 |
|
|
$ |
9,745 |
|
Corporate debt securities |
|
Greater than 1 |
|
|
17,887 |
|
|
|
(7 |
) |
|
|
32 |
|
|
|
17,912 |
|
Total long-term investments |
|
|
|
$ |
27,639 |
|
|
$ |
(16 |
) |
|
$ |
34 |
|
|
$ |
27,657 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Classified as current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market fund |
|
1 or less |
|
$ |
35,273 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
35,273 |
|
U.S. Treasury debt securities |
|
1 or less |
|
|
82,811 |
|
|
|
(34 |
) |
|
|
27 |
|
|
|
82,804 |
|
Non-US government securities |
|
1 or less |
|
|
999 |
|
|
|
— |
|
|
|
— |
|
|
|
999 |
|
Municipal securities |
|
1 or less |
|
|
5,000 |
|
|
|
(3 |
) |
|
|
— |
|
|
|
4,997 |
|
Corporate debt securities |
|
1 or less |
|
|
47,144 |
|
|
|
(51 |
) |
|
|
14 |
|
|
|
47,107 |
|
Commercial paper |
|
1 or less |
|
|
137,339 |
|
|
|
(62 |
) |
|
|
121 |
|
|
|
137,398 |
|
Total short-term investments |
|
|
|
$ |
308,566 |
|
|
$ |
(150 |
) |
|
$ |
162 |
|
|
$ |
308,578 |
|
Classified as non-current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate debt securities |
|
Greater than 1 |
|
$ |
977 |
|
|
$ |
— |
|
|
$ |
3 |
|
|
$ |
980 |
|
Total long-term investments |
|
|
|
$ |
977 |
|
|
$ |
— |
|
|
$ |
3 |
|
|
$ |
980 |
|
|