Fair value measurement (Tables)

3 Months Ended

Mar. 31, 2024

Fair value measurement

Schedule of financial assets measured at fair value on a recurring basis

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):

	March 31, 2024
	Level	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Cash equivalents:
Money market funds	1	$	46,482	$	—	$	—	$	46,482
U.S. treasury securities	2		219,101		4		(1)		219,104
Marketable securities:
U.S. treasury securities	2		39,982		1		—		39,983
Total financial assets		$	305,565	$	5	$	(1)	$	305,569
	December 31, 2023
	Level	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Cash equivalents:
Money market funds	1	$	73,988	$	—	$	—	$	73,988
U.S. treasury securities	2		22,993		—		—		22,993
Marketable securities:
U.S. treasury securities	2		39,441		22		—		39,463
Total financial assets		$	136,422	$	22	$	—	$	136,444