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Investments (Tables)
3 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Cost, Gross Unrealized Gains and Losses, and Fair Value of Investments
The cost, gross unrealized gains and losses, and fair value of investments are as follows (in thousands):
As of June 30, 2022
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Cash equivalents:
Money market funds$98,332 $— $— $98,332 
Total cash equivalents98,332 — — 98,332 
Marketable securities:
Asset-backed securities5,935 — (99)5,836 
Commercial paper5,090 — (50)5,040 
Corporate notes and bonds122,676 — (2,363)120,313 
Sovereign bonds7,740 — (389)7,351 
U.S. government and agency securities548,740 — (21,118)527,622 
Total marketable securities690,181 — (24,019)666,162 
Total cash equivalents and marketable securities$788,513 $— $(24,019)$764,494 
The cost, gross unrealized gains and losses, and fair value of investments were as follows (in thousands):
As of March 31, 2022
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Cash equivalents:
Commercial paper$2,686 $— $— $2,686 
Money market funds20,072 — — 20,072 
Total cash equivalents22,758 — — 22,758 
Marketable securities:
Asset-backed securities7,791 — (51)7,740 
Commercial paper9,436 — (53)9,383 
Corporate notes and bonds129,900 — (1,796)128,104 
Sovereign bonds8,770 — (334)8,436 
U.S. government and agency securities549,901 — (18,260)531,641 
Total marketable securities705,798 — (20,494)685,304 
Total cash equivalents and marketable securities$728,556 $— $(20,494)$708,062 
Contractual Maturities of Available-For-Sale Debt Securities
As of June 30, 2022, the contractual maturities of the Company’s available-for-sale debt securities were as follows (in thousands):
Fair Value
Due within one year$196,873 
Due in one year to three years469,289 
Total$666,162