| INVESTMENTS |
4. INVESTMENTS
The following table summarizes the Company’s investments as of March 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gain |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
$ |
7,528 |
|
|
$ |
13 |
|
|
$ |
- |
|
|
$ |
7,541 |
|
U.S. government agency securities |
|
|
17,669 |
|
|
|
12 |
|
|
|
(1 |
) |
|
|
17,680 |
|
Commercial paper |
|
|
4,404 |
|
|
|
- |
|
|
|
- |
|
|
|
4,404 |
|
Corporate debt securities |
|
|
84,308 |
|
|
|
23 |
|
|
|
(69 |
) |
|
|
84,262 |
|
Total |
|
$ |
113,909 |
|
|
$ |
48 |
|
|
$ |
(70 |
) |
|
$ |
113,887 |
|
The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable debt securities by contractual maturity as of March 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Fair Value |
|
|
|
|
|
|
|
|
Maturing in one year or less |
|
$ |
103,660 |
|
|
$ |
103,656 |
|
Maturing after one year but less than three years |
|
|
10,249 |
|
|
|
10,231 |
|
|
|
$ |
113,909 |
|
|
$ |
113,887 |
|
The following table summarizes the Company’s investments as of December 31, 2024 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Gross
Unrealized
Gain |
|
|
Gross
Unrealized
Losses |
|
|
Fair Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
$ |
9,452 |
|
|
$ |
15 |
|
|
$ |
- |
|
|
$ |
9,467 |
|
U.S. government agency securities |
|
|
22,075 |
|
|
|
18 |
|
|
|
- |
|
|
|
22,093 |
|
Corporate debt securities |
|
|
100,302 |
|
|
|
56 |
|
|
|
(54 |
) |
|
|
100,304 |
|
Total |
|
$ |
131,829 |
|
|
$ |
89 |
|
|
$ |
(54 |
) |
|
$ |
131,864 |
|
The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable debt securities by contractual maturity as of December 31, 2024 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost |
|
|
Fair Value |
|
|
|
|
|
|
|
|
Maturing in one year or less |
|
$ |
126,870 |
|
|
$ |
126,930 |
|
Maturing after one year but less than three years |
|
|
4,959 |
|
|
|
4,934 |
|
|
|
$ |
131,829 |
|
|
$ |
131,864 |
|
|