CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES (Tables)

6 Months Ended

Jun. 30, 2023

Cash and Cash Equivalents [Abstract]

Summary of Company Financial Assets with Maturities of Less Than 90 Days Included in Cash Equivalents

The following table summarizes the Company’s financial assets with maturities of less than 90 days from the date of purchase included in cash equivalents in the unaudited condensed consolidated balance sheets for each of the periods indicated:

	As of June 30, 2023		As of December 31, 2022
	(in thousands)
Money market funds	$	404,863	$	467,553
Corporate bonds		49,780		3,157
Government and government agency bonds		—		128,451
Commercial paper		—		33,190
Total	$	454,643	$	632,351

Summary of Company Cash, Cash Equivalents and Short-Term Investments

The following tables summarize the Company’s cash, cash equivalents and short-term investments for each of the periods indicated:

	As of June 30, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
	(in thousands)
Cash and money market funds	$	802,149	$	—	$	—		$	802,149
Commercial paper		169,866		—		—			169,866
Government and government agency bonds		860,546		65		(1,079	)		859,532
Corporate bonds		21,221		5		(19	)		21,207
Certificates of deposit		7,961		—		—			7,961
Total cash, cash equivalents and investments	$	1,861,743	$	70	$	(1,098	)	$	1,860,715
As reported:
Cash and cash equivalents	$	851,917	$	12	$	—		$	851,929
Short-term investments		1,009,826		58		(1,098	)		1,008,786
Total cash, cash equivalents and investments	$	1,861,743	$	70	$	(1,098	)	$	1,860,715

	As of December 31, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
	(in thousands)
Cash and money market funds	$	801,979	$	—	$	—		$	801,979
Commercial paper		211,369		—		—			211,369
Government and government agency bonds		808,904		178		(1,542	)		807,540
Corporate bonds		126,014		9		(282	)		125,741
Certificates of deposit		42,745		—		—			42,745
Total cash, cash equivalents and investments	$	1,991,011	$	187	$	(1,824	)	$	1,989,374
As reported:
Cash and cash equivalents	$	966,768	$	9	$	—		$	966,777
Short-term investments		1,024,243		178		(1,824	)		1,022,597
Total cash, cash equivalents and investments	$	1,991,011	$	187	$	(1,824	)	$	1,989,374