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INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of Available-for-Sale Marketable Securities
The following table summarizes our investments measured at fair value on a recurring basis by balance sheet classification and investment type:
December 31, 2023December 31, 2022
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value - Level 1
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value - Level 1
Cash equivalents—money market funds$186,396 $— $— $186,396 $304,750 $— $— $304,750 
Cash equivalents—U.S. Treasury securities448,447 78 — 448,525 — — — — 
Total cash equivalents634,843 78 — 634,921 304,750 — — 304,750 
Marketable securities—U.S. Treasury securities65,765 — (19)65,746 460,372 26 (744)459,654 
Total$700,608 $78 $(19)$700,667 $765,122 $26 $(744)$764,404 
Schedule of Cost Basis and Fair Value of AFS Securities by Contractual Maturity Date
The following table presents the cost basis and fair value of our AFS securities by contractual maturity date:
December 31, 2023December 31, 2022
Amortized
Cost
Fair
Value
Amortized
Cost
Fair
Value
Due in one year or less$65,765 $65,746 $460,372 $459,654 
Schedule of Investments in an Unrealized Loss Position
Investments in an unrealized loss position consisted of the following:
December 31, 2023December 31, 2022
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
U.S. Treasury securities$65,746 $(19)$356,767 $(744)