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Fair value measurement (Tables)
12 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Cash And Cash Equivalents And Available For Sale Securities At Fair Value
The following table sets forth the cash and cash equivalents, and short-term investments as of September 30, 2020:
 
(in thousands)
  
Amortized
cost
   
Gross
unrealized
gains
   
Gross
unrealized
losses
   
Fair value
 
Cash and cash equivalents
  $93,667   $—     $—     $93,667 
Short-term investments
   196,320    15    —      196,335 
  
 
 
   
 
 
   
 
 
   
 
 
 
Total
  $289,987   $15   $—     $290,002 
  
 
 
   
 
 
   
 
 
   
 
 
 
The following table sets forth the cash and cash equivalents, and short-term investments as of September 30, 2019:
 
(in thousands)
  
Amortized
cost
   
Gross
unrealized
gains
   
Gross
unrealized
losses
   
Fair value
 
Cash and cash equivalents
  $46,735   $—     $—     $46,735 
Short-term investments
   91,323    49    —      91,372 
  
 
 
   
 
 
   
 
 
   
 
 
 
Total
  $138,058   $49   $—     $138,107 
  
 
 
   
 
 
   
 
 
   
 
 
 
Summary of Company's Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
As of September 30, 2020, financial assets and liabilities measured and recognized at fair value are as follows:
 
(in thousands)
  
Level 1
   
Level 2
   
Level 3
 
 
Fair value
 
Assets
      
Cash and cash equivalents
  $20,254   $—     $—   
 
$20,254 
Money market funds
   73,413    —      —   
 
 73,413 
Commercial paper
   —      94,840    —   
 
 94,840 
U.S. government treasury bills
   101,495    —      —   
 
 101,495 
  
 
 
   
 
 
   
 
 
 
 
 
 
 
Total
  $195,162   $94,840   $—   
 
$290,002 
  
 
 
   
 
 
   
 
 
 
 
 
 
 
 
As of September 30, 2019, financial assets and liabilities measured and recognized at fair value are as follows:
 
(in thousands)
  
Level 1
   
Level 2
   
Level 3
   
Fair value
 
Assets
        
Cash and cash equivalents
  $19,344   $—     $—     $19,344 
Money market funds
   27,390    —      —      27,390 
Corporate bonds
   —      8,530    —      8,530 
Commercial paper
   —      28,361    —      28,361 
U.S. government treasury bills
  
 
54,482
 
 
   —      —      54,482 
  
 
 
   
 
 
   
 
 
   
 
 
 
Total
  $101,216   $36,891   $—     $138,107 
  
 
 
   
 
 
   
 
 
   
 
 
 
Summary of Reconciliation of Beginning and Ending Balances of the Level 3 Instruments
The following table provides a reconciliation of beginning and ending balances of the Level 3 instruments during the years ended September 30, 2020, 2019 and 2018:
 
(in thousands)
  
Series A
  
Series B
  
Series C
  
Series D
  
Total
 
Redeemable convertible preferred stock warrant liability:
      
Fair value as of September 30, 2017
  $331  $110  $152  $51  $644 
Change in fair value recorded in other income (expense), net
   34   (16  (22  (9  (13
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Fair value as of September 30, 2018
  $365  $94  $130  $42  $631 
Change in fair value recorded in other income (expense), net
   (365  (94  (130  (42  (631
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Fair value as of September 30, 2019
  $—    $—    $—    $—    $—   
Change in fair value recorded in other income (expense), net
   —     —     —     —     —   
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Fair value as of September 30, 2020
  $—    $—    $—    $—    $—