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Restricted Cash
6 Months Ended
Jun. 30, 2025
Restricted Cash [Abstract]  
Restricted Cash

18. Restricted Cash

As of June 30, 2025, the Company maintained letters of credit of $2.9 million, which are collateralized with bank accounts at financial institutions in accordance with the agreements. The letters of credit are included within restricted cash on the Company's consolidated balance sheets. Total restricted cash as of June 30, 2025 and December 31, 2024 consisted of the following (in thousands):

 

 

June 30,
2025

 

 

December 31,
2024

 

Redwood City, CA lease(1)

 

$

2,337

 

 

$

2,337

 

Boston, MA lease

 

 

266

 

 

 

266

 

Corporate credit card services

 

 

300

 

 

 

300

 

Total

 

$

2,903

 

 

$

2,903

 

(1)
Includes the Company's lease at 1000 Bridge Parkway and 1200 Bridge Parkway.