Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Measurements

Summary of major categories of financial assets and liabilities measured at fair value on a recurring basis

The following fair value hierarchy table presents information about each major category of our financial assets and liabilities measured at fair value on a recurring basis (in thousands):

	Level 1		Level 2		Level 3		Total
June 30, 2023
Assets
Cash	$	1,014	$	—	$	—	$	1,014
Money market funds (cash equivalents)		126,773		—		—		126,773
U.S. Treasury securities		—		34,266		—		34,266
U.S. Government Agency securities		—		13,283		—		13,283
Total assets	$	127,787	$	47,549	$	—	$	175,336
December 31, 2022
Assets
Cash	$	10,569	$	—	$	—	$	10,569
Money market funds (cash equivalents)		229,982		—		—		229,982
Total assets	$	240,551	$	—	$	—	$	240,551