Cash and Cash Equivalents, Restricted Cash and Marketable Securities (Tables)

3 Months Ended

Mar. 31, 2025

Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]

Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same amounts shown in the condensed consolidated statements of cash flows (in thousands):


	March 31, 2025		December 31, 2024		March 31, 2024		December 31, 2023
Cash and cash equivalents	$	51,720	$	95,883	$	132,033	$	150,279
Restricted cash (1)	281		271		271		277
Total cash and cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows	$	52,001	$	96,154	$	132,304	$	150,556

(1)Restricted cash is included in "Other assets" in the Condensed Consolidated Balance Sheets.

Summary of Cash, Cash Equivalents and Marketable Securities

Cash and cash equivalents, and marketable securities consist of the following (in thousands):


	Amortized Cost		Unrealized Gains		Unrealized Losses		Estimated Fair Value
March 31, 2025
Cash and cash equivalents:
Cash	$	11,993	$	-	$	-	$	11,993
Money market funds	39,727		-		-		39,727

Total cash and cash equivalents	51,720		-		-		51,720
Marketable securities available-for-sale:
U.S. treasuries	263,030		635		(125)		263,540
U.S. government agency securities	144,276		353		(91)		144,538
Corporate debt securities	201,345		305		(112)		201,538
Total marketable securities available-for-sale	608,651		1,293		(328)		609,616
Total cash and cash equivalents, and marketable securities	$	660,371	$	1,293	$	(328)	$	661,336
December 31, 2024
Cash and cash equivalents:
Cash	$	12,157	$	-	$	-	$	12,157
Money market funds	83,726		-		-		83,726

Total cash and cash equivalents	95,883		-		-		95,883
Marketable securities available-for-sale:
U.S. treasuries	199,741		460		(322)		199,879
U.S. government agency securities	158,605		486		(220)		158,871
Corporate debt securities	259,004		418		(221)		259,201
Total marketable securities available-for-sale	617,350		1,364		(763)		617,951
Total cash and cash equivalents, and marketable securities	$	713,233	$	1,364	$	(763)	$	713,834

Investments Classified by Contractual Maturity Date

The maturities of our marketable securities available-for-sale are as follows (in thousands):


	March 31, 2025
	Amortized Cost		Estimated Fair Value
Mature in one year or less	$	429,405	$	430,170
Mature after one year through two years	179,246		179,446
	$	608,651	$	609,616