Cash Equivalents and Short-Term Investments

9 Months Ended

Sep. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Cash Equivalents and Short-Term Investments

Cash Equivalents and Short-Term Investments

The following table is a summary of our cash equivalents and short-term investments:

	September 30, 2024						December 31, 2023
in thousands	Adjusted Cost		Unrealized Gain		Fair Value		Adjusted Cost		Unrealized Gain		Unrealized Loss		Fair Value
U.S. treasury securities	$	70,872	$	54	$	70,926	$	133,168	$	30	$	—	$	133,198
Commercial paper	44,790		5		44,795		49,433		—		(15)		49,418
Money market funds	45,251		—		45,251		39,280		—		—		39,280
U.S. government agency obligations	13,744		13		13,757		3,961		—		(1)		3,960
Total cash equivalents and available-for-sale securities	$	174,657	$	72	$	174,729	$	225,842	$	30	$	(16)	$	225,856
Classified as:
Cash equivalents					$	49,238							$	109,270
Short-term investments					125,491								116,586
Total cash equivalents and available-for-sale securities					$	174,729							$	225,856

As of September 30, 2024 and December 31, 2023, all of our cash equivalents and short-term investments were available-for-sale and had contractual maturities of less than one-year. There were no other-than-temporary impairments on such securities.