CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2025

The following table summarizes our cash, cash equivalents and short-term investments:


	March 31, 2025								December 31, 2024
			Gross Unrealized								Gross Unrealized
(in thousands)	Amortized Cost		Gains		Losses		Fair Value		Amortized Cost		Gains		Losses		Fair Value
Cash and cash equivalents
Cash	$	8,318	$	—	$	—	$	8,318	$	16,282	$	—	$	—	$	16,282
Money market funds	22,490		—		—		22,490		48,650		—		—		48,650
Total cash and cash equivalents	30,808		—		—		30,808		64,932		—		—		64,932
Short-term investments
U.S. treasury securities	$	72,431	$	43	$	(3)	$	72,471	$	79,720	$	58	$	(5)	$	79,773
U.S. government-sponsored agency bonds	41,852		4		(26)		41,830		45,960		29		(27)		45,962
Commercial paper	33,026		2		(3)		33,025		37,061		19		(15)		37,065
Corporate bonds	28,077		7		(2)		28,082		17,415		4		(6)		17,413
Asset-backed securities	5,752		—		(3)		5,749		2,983		2		—		2,985
Yankee bonds	1,988		—		(1)		1,987		1,972		—		(2)		1,970
Total short-term investments	183,126		56		(38)		183,144		185,111		112		(55)		185,168
Total cash, cash equivalents and investments	$	213,934	$	56	$	(38)	$	213,952	$	250,043	$	112	$	(55)	$	250,100