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Marketable Debt Securities (Tables)
6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of Gross Unrealized Gains and Losses of Available-for-Sale Securities The following tables summarize the gross unrealized gains and losses of the Company’s available-for-sale securities (in thousands):

 

 

 

As of June 30, 2023

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Market
Value

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

133,627

 

 

$

6

 

 

$

(37

)

 

$

133,596

 

Total

 

$

133,627

 

 

$

6

 

 

$

(37

)

 

$

133,596

 

 

 

 

 

As of December 31, 2022

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Market
Value

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

76,297

 

 

$

2

 

 

$

(46

)

 

$

76,253

 

Commercial paper

 

 

4,993

 

 

 

 

 

 

 

 

 

4,993

 

Total

 

$

81,290

 

 

$

2

 

 

$

(46

)

 

$

81,246