| Summary of Company Financial Assets with Maturities of Less Than 90 Days Included in Cash Equivalents |
The following table summarizes the Company’s financial assets with maturities of less than 90 days from the date of purchase included in cash equivalents in the unaudited condensed consolidated balance sheets for each of the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
As of
June 30, 2025 |
|
|
As of
December 31, 2024 |
|
|
|
(in thousands) |
|
Money market funds |
|
$ |
153,270 |
|
|
$ |
455,535 |
|
Total |
|
$ |
153,270 |
|
|
$ |
455,535 |
|
|
| Summary of Company Cash, Cash Equivalents and Short-Term Investments and non-current investments |
The following tables summarize the Company’s cash, cash equivalents, short-term investments and non-current investments for each of the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2025 |
|
|
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Market
Value |
|
|
|
(in thousands) |
|
Cash and money market funds |
|
$ |
510,598 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
510,598 |
|
Commercial paper |
|
|
3,534 |
|
|
|
— |
|
|
|
— |
|
|
|
3,534 |
|
Government and government agency bonds |
|
|
255,122 |
|
|
|
64 |
|
|
|
(121 |
) |
|
|
255,065 |
|
Corporate bonds |
|
|
55,203 |
|
|
|
25 |
|
|
|
(20 |
) |
|
|
55,208 |
|
Certificates of deposit |
|
|
10,338 |
|
|
|
— |
|
|
|
— |
|
|
|
10,338 |
|
Total cash, cash equivalents and investments |
|
$ |
834,795 |
|
|
$ |
89 |
|
|
$ |
(141 |
) |
|
$ |
834,743 |
|
As reported: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
510,598 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
510,598 |
|
Short-term investments |
|
|
289,571 |
|
|
|
79 |
|
|
|
(109 |
) |
|
|
289,541 |
|
Non-current investments |
|
|
34,626 |
|
|
|
10 |
|
|
|
(32 |
) |
|
|
34,604 |
|
Total cash, cash equivalents and investments |
|
$ |
834,795 |
|
|
$ |
89 |
|
|
$ |
(141 |
) |
|
$ |
834,743 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2024 |
|
|
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Market
Value |
|
|
|
(in thousands) |
|
Cash and money market funds |
|
$ |
1,103,010 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,103,010 |
|
Government and government agency bonds |
|
|
280,001 |
|
|
|
227 |
|
|
|
(329 |
) |
|
|
279,899 |
|
Corporate bonds |
|
|
93,816 |
|
|
|
67 |
|
|
|
(156 |
) |
|
|
93,727 |
|
Certificates of deposit |
|
|
11,319 |
|
|
|
— |
|
|
|
— |
|
|
|
11,319 |
|
Total cash, cash equivalents and investments |
|
$ |
1,488,146 |
|
|
$ |
294 |
|
|
$ |
(485 |
) |
|
$ |
1,487,955 |
|
As reported: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
1,103,010 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,103,010 |
|
Short-term investments |
|
|
251,598 |
|
|
|
286 |
|
|
|
(102 |
) |
|
|
251,782 |
|
Non-current investments |
|
|
133,538 |
|
|
|
8 |
|
|
|
(383 |
) |
|
|
133,163 |
|
Total cash, cash equivalents and investments |
|
$ |
1,488,146 |
|
|
$ |
294 |
|
|
$ |
(485 |
) |
|
$ |
1,487,955 |
|
|