XML 21 R10.htm IDEA: XBRL DOCUMENT
v3.25.2

Marketable Securities | 6 Months Ended
--- | ---
Jun. 30, 2025
Marketable Securities [Abstract] |
Marketable Securities | Marketable Securities M arketable securities consisted of the following as of the periods presented (in thousands):
| June 30, 2025 |
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |
Marketable securities |  |  |  |  |  |  |  |
U.S. Treasury securities | $ | 141,792 |  |  | $ | 115 |  |  | $ | (79) |  |  | $ | 141,828 |  |
Total marketable securities | $ | 141,792 |  |  | $ | 115 |  |  | $ | (79) |  |  | $ | 141,828 |  |
| December 31, 2024
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Marketable securities |  |  |  |  |  |  |
U.S. Treasury securities | $ | 167,651 |  |  | $ | 244 |  |  | $ | (92) |  |  | $ | 167,803 |
Total marketable securities | $ | 167,651 |  |  | $ | 244 |  |  | $ | (92) |  |  | $ | 167,803 |
The Company’s marketable securities have been classified as available for sale. All available for sale debt securities are available for use in current operations. Accordingly, they have been classified as current. Marketable securities that have been in a continuous unrealized loss position consisted of the following as of the periods presented (in thousands):
| June 30, 2025
| Less Than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Gross Unrealized Loss |  | Fair Value |  | Gross Unrealized Loss |  | Fair Value |  | Gross Unrealized Loss
U.S. Treasury securities | $ | 72,284 |  |  | $ | (79) |  |  | $ | — |  |  | $ | — |  |  | $ | 72,284 |  |  | $ | (79) |
Total | $ | 72,284 |  |  | $ | (79) |  |  | $ | — |  |  | $ | — |  |  | $ | 72,284 |  |  | $ | (79) |
| December 31, 2024
| Less Than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Gross Unrealized Loss |  | Fair Value |  | Gross Unrealized Loss |  | Fair Value |  | Gross Unrealized Loss
U.S. Treasury securities | $ | 25,785 |  |  | $ | (92) |  |  | $ | — |  |  | $ | — |  |  | $ | 25,785 |  |  | $ | (92) |
Total | $ | 25,785 |  |  | $ | (92) |  |  | $ | — |  |  | $ | — |  |  | $ | 25,785 |  |  | $ | (92) |
The Company periodically evaluates whether any security has experienced credit-related declines in fair value. The Company did not recognize any credit loss related to its available for sales debt securities in the three and six months ended June 30, 2025 and 2024. The amount of realized gains or losses from marketable securities that were reclassified out from accumulated other comprehensive income (loss) to other income, net was based on specific identification and such amount was immaterial in the three and six months ended June 30, 2024. The Company did not have such transfers in the three and six months ended June 30, 2025 The following summarizes the remaining contractual maturities of the Company’s marketable securities as of June 30, 2025 (in thousands):
| Fair Value
One year or less | $ | 114,885 |
Over one year through three years | 26,943 |
Total marketable securities | $ | 141,828 |

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 940 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/940-320/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph b -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-10 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/942-320/tableOfContent + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_MarketableSecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration