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Cash, Cash Equivalents, Restricted Cash And Investments (Tables)

12 Months Ended

Dec. 31, 2024

Cash and Cash Equivalents [Abstract]

Summary of Unrealized Gains and Losses and Estimated Fair Value of Cash Equivalents and Investments

The following table summarizes the Company’s unrealized gains and losses and estimated fair value of cash, cash equivalents, restricted cash and investments in available-for-sale securities recorded in the consolidated balance sheets (in thousands):


		As of December 31, 2024																As of December 31, 2023
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value				Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
Cash and money market funds		$	33,204			$	—			$	—			$	33,204			$	25,131			$	—			$	—			$	25,131
Commercial paper			—				—				—				—				16,374				—				(14	)			16,360
Corporate notes and bonds			45,823				22				(53	)			45,792				176,793				38				(1,854	)			174,977
Municipal bonds			—				—				—				—				4,990				—				(43	)			4,947
US government and agency			287,084				319				(118	)			287,285				237,015				311				(395	)			236,931
Total cash, cash equivalents, restricted cash and investments		$	366,111			$	341			$	(171	)		$	366,281			$	460,303			$	349			$	(2,306	)		$	458,346

Summary of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value

The following tables present information about the Company’s investments in available-for-sale securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position (in thousands):


		As of December 31, 2024
		Less than 12 Months								12 Months or Longer								Total
		Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Losses				Fair Value				Gross Unrealized Loses
Corporate notes and bonds		$	—			$	—			$	24,396			$	(53	)		$	24,396			$	(53	)
US government and agency			67,600				(111	)			3,987				(7	)			71,587				(118	)
Total		$	67,600			$	(111	)		$	28,383			$	(60	)		$	95,983			$	(171	)

Schedule of Contractual Maturity Date of Cash Cash Equivalents, Restricted Cash and Investments in Available-for-Sale Securities

The estimated fair value of the Company’s cash, cash equivalents, restricted cash and investments in available-for-sale securities as of December 31, 2024, aggregated by investment category and classified by contractual maturity date, is as follows (in thousands):


		1 Year or Less				Greater than 1 Year				Total
Cash and money market funds		$	30,799			$	2,405			$	33,204
Corporate notes and bonds			43,868				1,924				45,792
US government and agency			265,664				21,621				287,285
Total		$	340,331			$	25,950			$	366,281