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Cash and Cash Equivalents and Marketable Securities | 6 Months Ended
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Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Cash and Cash Equivalents and Marketable Securities | 3. Cash and Cash Equivalents and Marketable Securities Cash and cash equivalents and marketable securities were comprised of the following:
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
|  | (in thousands) |
As of June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 16,195 |  |  | $ | — |  |  | $ | — |  |  | $ | 16,195 |
Money market funds |  |  | 48,468 |  |  |  | — |  |  |  | — |  |  |  | 48,468 |
Commercial paper |  |  | 2,993 |  |  |  | — |  |  |  | — |  |  |  | 2,993 |
Total cash and cash equivalents: |  | $ | 67,656 |  |  | $ | — |  |  | $ | — |  |  | $ | 67,656 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper |  |  | 41,824 |  |  |  | — |  |  |  | (8 | ) |  |  | 41,816 |
Total marketable securities |  | $ | 41,824 |  |  | $ | — |  |  | $ | (8 | ) |  | $ | 41,816 |
As of December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 43,762 |  |  | $ | — |  |  | $ | — |  |  | $ | 43,762 |
Money market funds |  |  | 25,522 |  |  |  | — |  |  |  | — |  |  |  | 25,522 |
Commercial paper |  |  | 15,430 |  |  |  | 3 |  |  |  | — |  |  |  | 15,433 |
Total cash and cash equivalents: |  | $ | 84,714 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 84,717 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and government-sponsored enterprises |  | $ | 3,013 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 3,014 |
Commercial paper |  |  | 40,688 |  |  |  | 39 |  |  |  | (1 | ) |  |  | 40,726 |
Corporate debt securities |  |  | 24,322 |  |  |  | 13 |  |  |  | (1 | ) |  |  | 24,334 |
Total marketable securities |  | $ | 68,023 |  |  | $ | 53 |  |  | $ | (2 | ) |  | $ | 68,074 |
Interest receivable was $0.2 million and $0.4 million as of June 30, 2025 and December 31, 2024, respectively, and is included in other current receivables. Available-for-sale marketable securities with an aggregate fair value of $33.7 million and $7.8 million as of June 30, 2025 and December 31, 2024, respectively, were held in an immaterial, unrealized loss position. These marketable securities have been in an unrealized loss position for less than twelve months. The unrealized losses were not attributed to credit risk but were primarily associated with changes in interest rates and market liquidity. The Company does not intend to sell these securities and it is more likely than not that it will hold these investments for a period of time suff icient to recover the amortized cost. As a result, the Company did no t record an allowance for credit losses or other impairment charges for its marketable securities for the six months ended June 30, 2025 and 2024. The Company recognized nil of net unrealized loss in other comprehensive loss in the three months ended June 30, 2025 and 2024, respectively, and a net unrealized loss of $0.1 million and $0.2 million in the six months ended June 30, 2025 and 2024, respectively, in relation to its cash and cash equivalents and marketable securities. The maturities of the Company’s marketable securities as of June 30, 2025 and December 31, 2024 are less than one year.

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- Definition The entire disclosure of cash, cash equivalent, and debt and equity securities, including realized and unrealized gain (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent + Details
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