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

9 Months Ended

Sep. 30, 2025

Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [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):


	September 30, 2025		December 31, 2024		September 30, 2024		December 31, 2023
Cash and cash equivalents	$	160,247	$	95,883	$	119,332	$	150,279
Restricted cash (1)	305		271		280		277
Total cash and cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows	$	160,552	$	96,154	$	119,612	$	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
September 30, 2025
Cash and cash equivalents:
Cash	$	17,864	$	-	$	-	$	17,864
Money market funds	142,383		-		-		142,383

Total cash and cash equivalents	160,247		-		-		160,247
Marketable securities available-for-sale:
U.S. treasuries	201,540		408		(13)		201,935
U.S. government agency securities	69,202		126		(11)		69,317
Corporate debt securities	216,105		241		(30)		216,316
Total marketable securities available-for-sale	486,847		775		(54)		487,568
Total cash and cash equivalents, and marketable securities	$	647,094	$	775	$	(54)	$	647,815
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):


	September 30, 2025
	Amortized Cost		Estimated Fair Value
Mature in one year or less	$	370,115	$	370,594
Mature after one year through two years	116,732		116,974
	$	486,847	$	487,568