(in thousands)

Amortized Cost

Gross unrealized gain

Gross unrealized loss

Fair Value

March 31, 2025

Marketable securities:

Corporate debt securities

$

35,832

$

21

$

(9

)

$

35,844

U.S. government securities

22,961

1

(1

)

22,961

Total marketable securities

$

58,793

$

22

$

(10

)

$

58,805

December 31, 2024

Marketable securities:

Corporate debt securities

$

70,059

$

44

$

(27

)

$

70,076

U.S. government securities

51,046

18

—

51,064

Total marketable securities

$

121,105

$

62

$

(27

)

$

121,140