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Marketable Securities (Tables)
3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Summary of 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