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Marketable Securities | 3 Months Ended
--- | ---
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract] |
Marketable securities | 4. Marketable securities The following table summarizes the Company’s marketable securities as of March 31, 2025 (in thousands):
|  | March 31, 2025 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Loss |  |  | Fair Value |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 24,493 |  |  | $ | 5 |  |  | $ | (52 | ) |  | $ | 24,446 |
Commercial paper |  |  | 14,776 |  |  |  | 2 |  |  |  | (3 | ) |  |  | 14,775 |
US Government debt securities |  |  | 66,330 |  |  |  | 16 |  |  |  | (71 | ) |  |  | 66,275 |
Total |  | $ | 105,599 |  |  | $ | 23 |  |  | $ | (126 | ) |  | $ | 105,496 |
The following table summarizes the Company’s marketable securities as of December 31, 2024 (in thousands):
|  | December 31, 2024 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Loss |  |  | Fair Value |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 18,786 |  |  | $ | — |  |  | $ | (118 | ) |  | $ | 18,668 |
Commercial paper |  |  | 6,947 |  |  |  | — |  |  |  | (3 | ) |  |  | 6,944 |
US Government debt securities |  |  | 93,158 |  |  |  | 94 |  |  |  | (124 | ) |  |  | 93,128 |
Total |  | $ | 118,891 |  |  | $ | 94 |  |  | $ | (245 | ) |  | $ | 118,740 |
As of March 31, 2025, the weighted average maturity of the Company’s marketable securities is 0.63 years. The Company did no t record an allowance for credit losses as of March 31, 2025 related to its marketable securities. Further, given the lack of significant change in the credit risk of these investments, the Company did not recognize any other-than-temporary impairment losses.

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