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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Measurements

Schedule of cash equivalents and short-term investments

Cash equivalents and short-term investments consist of the following (in thousands):


		December 31, 2024
		Amortized Cost			Unrealized Gains			Unrealized Losses			Fair Value
Cash equivalents:
Money market funds		$	161,094		$	—		$	—		$	161,094
Short-term investments:
U.S. Government treasury securities			264,074			309			(88)			264,295
Total		$	425,168		$	309		$	(88)		$	425,389

		December 31, 2023
		Amortized Cost			Unrealized Gains			Unrealized Losses			Fair Value
Cash equivalents:
Money market funds		$	129,123		$	—		$	—		$	129,123
Short-term investments:
U.S. Government treasury securities			152,129			103			—			152,232
Total		$	281,252		$	103		$	—		$	281,355