Schedule of Short-Term Investments |
The following tables summarize the Company’s short-term investments (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of September 30, 2023 | | Maturity | | Amortized cost | | Gross unrealized gains | | Gross unrealized losses | | Estimated fair value | Corporate debt securities | 2 years or less | | $ | 131,273 | | | $ | — | | | $ | (387) | | | $ | 130,886 | | Commercial paper | 1 year or less | | 275,067 | | | 2 | | | (328) | | | 274,741 | | U.S. Agency bonds | 2 years or less | | 244,277 | | | 52 | | | (689) | | | 243,640 | | U.S. Treasury bills | 2 years or less | | 68,606 | | | — | | | (157) | | | 68,449 | | | | | | | | | | | | | | | $ | 719,223 | | | $ | 54 | | | $ | (1,561) | | | $ | 717,716 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2022 | | Maturity | | Amortized cost | | Gross unrealized gains | | Gross unrealized losses | | Estimated fair value | Corporate debt securities | 2 years or less | | $ | 95,195 | | | $ | — | | | $ | (662) | | | $ | 94,533 | | Commercial paper | 1 year or less | | 443,489 | | | 65 | | | (811) | | | 442,743 | | U.S. Agency bonds | 2 years or less | | 90,351 | | | 22 | | | (434) | | | 89,939 | | U.S. Treasury bills | 2 years or less | | 223,216 | | | 8 | | | (1,862) | | | 221,362 | | | | | | | | | | | | | | | $ | 852,251 | | | $ | 95 | | | $ | (3,769) | | | $ | 848,577 | |
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