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

Marketable 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