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Marketable Securities
 3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities

3. Marketable Securities

The amortized cost and estimated fair value of marketable securities, by remaining contractual maturity, are as follows:

 

 

March 31, 2025

 

(in thousands)

 

Amortized Cost

 

 

Gross Unrealized Holding Gains

 

 

Gross Unrealized Holding Losses

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturing in one year or less

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasuries

 

$

9,965

 

 

$

23

 

 

$

—

 

 

$

9,988

 

Total

 

$

9,965

 

 

$

23

 

 

$

—

 

 

$

9,988

 

 

 

 

December 31, 2024

 

(in thousands)

 

Amortized Cost

 

 

Gross Unrealized Holding Gains

 

 

Gross Unrealized Holding Losses

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturing in one year or less

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasuries

 

$

4,981

 

 

$

12

 

 

$

—

 

 

$

4,993

 

Maturing after one year through five years

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasuries

 

 

4,974

 

 

 

10

 

 

 

—

 

 

 

4,984

 

Total

 

$

9,955

 

 

$

22

 

 

$

—

 

 

$

9,977

 

The Company did not have any individual securities in an unrealized loss position as of March 31, 2025 and December 31, 2024. Additionally, the Company did not record any impairments to marketable securities or reserves for credit losses related to its marketable debt securities during the periods presented.