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

9 Months Ended

Sep. 30, 2025

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


	September 30, 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	$	9,155	$	—	$	—	$	9,155	$	16,282	$	—	$	—	$	16,282
Money market funds	33,560		—		—		33,560		48,650		—		—		48,650
Total cash and cash equivalents	42,715		—		—		42,715		64,932		—		—		64,932
Short-term investments
U.S. treasury securities	$	98,808	$	66	$	(2)	$	98,872	$	79,720	$	58	$	(5)	$	79,773
U.S. government-sponsored agency bonds	27,100		32		—		27,132		45,960		29		(27)		45,962
Commercial paper	48,744		12		(7)		48,749		37,061		19		(15)		37,065
Corporate bonds	22,462		23		—		22,485		17,415		4		(6)		17,413
Asset-backed securities	2,752		—		—		2,752		2,983		2		—		2,985
Yankee bonds	—		—		—		—		1,972		—		(2)		1,970
Total short-term investments	199,866		133		(9)		199,990		185,111		112		(55)		185,168
Total cash, cash equivalents and investments	$	242,581	$	133	$	(9)	$	242,705	$	250,043	$	112	$	(55)	$	250,100