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CASH EQUIVALENTS AND MARKETABLE SECURITIES - (Tables)
3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities The table below summarizes the Company’s cash equivalents and marketable securities (in thousands):
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
March 31, 2023
Assets
Cash equivalents:
Money market funds$34,474 $— $— $34,474 
Total34,474 — — 34,474 
Marketable securities:
U.S. government-sponsored entity debt securities33,753 94 (127)33,720 
Commercial paper securities70,906 (79)70,836 
Corporate debt securities8,335 — (24)8,311 
Asset-backed securities14,689 — (76)14,613 
U.S. treasury bills5,598 — (2)5,596 
Certificates of deposit29,761 (83)29,680 
Total163,042 105 (391)162,756 
Total cash equivalents and marketable securities$197,516 $105 $(391)$197,230 
December 31, 2022
Assets
Cash equivalents:
Money market funds$50,820 $— $— $50,820 
Total50,820 — — 50,820 
Marketable securities:
U.S. government-sponsored entity debt securities18,710 — (293)18,417 
Commercial paper securities101,336 22 (193)101,165 
Corporate debt securities11,760 — (90)11,670 
Asset-backed securities24,970 (180)24,792 
U.S. treasury bills7,950 — (12)7,938 
Certificates of deposit37,599 (142)37,461 
Agency bonds5,598 — (8)5,590 
Total207,923 28 (918)207,033 
Total cash equivalents and marketable securities$258,743 $28 $(918)$257,853 
Fair value of investments available-for-sale The fair value of marketable securities by contractual maturity were as follows (in thousands):
March 31,
2023
December 31,
2022
Maturing in one year or less$127,147 $177,188 
Maturing after one year through five years35,609 29,845 
Total$162,756 $207,033