Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities (Tables)

v3.23.2
Marketable Securities (Tables)
6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of Amortized Cost Gross Unrealized Holding Gains or Losses and Fair Value of Marketable Securities

All marketable securities were considered available-for-sale as of June 30, 2023 and December 31, 2022. The amortized cost, gross unrealized holding gains or losses, and fair value of the Company’s marketable securities by major security type are summarized in the tables below (in thousands):

 

 

June 30, 2023

 

 

 

Amortized
Cost Basis

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

Available-for-sale securities

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

4,447

 

 

$

 

 

$

(21

)

 

$

4,426

 

Commercial paper

 

 

58,103

 

 

 

6

 

 

 

(38

)

 

 

58,071

 

U.S. agency securities

 

 

53,922

 

 

 

 

 

 

(213

)

 

 

53,709

 

Asset-backed securities

 

 

1,958

 

 

 

 

 

 

(5

)

 

 

1,953

 

Total available-for-sale securities

 

$

118,430

 

 

$

6

 

 

$

(277

)

 

$

118,159

 

 

 

 

December 31, 2022

 

 

 

Amortized
Cost Basis

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

Available-for-sale securities

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

65,807

 

 

$

 

 

$

(416

)

 

$

65,391

 

Commercial paper

 

 

115,381

 

 

 

13

 

 

 

(333

)

 

 

115,061

 

U.S. agency securities

 

 

53,767

 

 

 

15

 

 

 

(327

)

 

 

53,455

 

Asset-backed securities

 

 

1,914

 

 

 

 

 

 

 

 

 

1,914

 

Total available-for-sale securities

 

$

236,869

 

 

$

28

 

 

$

(1,076

)

 

$

235,821