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Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2024
Marketable Securities [Abstract]  
Schedule of Available-for-sale Marketable Securities

Available-for-sale marketable securities were as follows (in thousands):

 

 

December 31, 2024

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair Value

 

Government agency

 

519,125

 

 

 

1,007

 

 

 

(159

)

 

 

519,973

 

Total

$

519,125

 

 

$

1,007

 

 

$

(159

)

 

$

519,973

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair Value

 

Commercial paper

$

26,752

 

 

$

 

 

$

(15

)

 

$

26,737

 

Corporate debt

 

5,988

 

 

 

 

 

 

(7

)

 

 

5,982

 

Government agency

 

301,315

 

 

 

584

 

 

 

(16

)

 

 

301,884

 

Total

$

334,056

 

 

$

584

 

 

$

(38

)

 

$

334,602

 

Schedule of Fair Value of Available-For-Sale Marketable Securities by Contractual Maturity Date

The fair value of available-for-sale marketable securities by contractual maturity as of December 31, 2024 and 2023 were as follows (in thousands):

 

 

December 31,

 

 

2024

 

 

2023

 

Due in 1 year or less

$

481,696

 

 

$

307,434

 

Due in 1 - 2 years

 

38,277

 

 

 

27,168

 

Total

$

519,973

 

 

$

334,602