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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

The level of the fair value hierarchy utilized to determine the fair value of cash and cash equivalents and marketable securities consisted of the following:

 

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and money market fund

 

$

148,643

 

 

$

—

 

 

$

—

 

 

$

148,643

 

 

$

57,242

 

 

$

—

 

 

$

—

 

 

$

57,242

 

Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Guaranteed investment certificates

 

 

7,684

 

 

 

—

 

 

 

—

 

 

 

7,684

 

 

 

14,953

 

 

 

—

 

 

 

—

 

 

 

14,953

 

U.S. treasuries

 

 

252,982

 

 

 

—

 

 

 

—

 

 

 

252,982

 

 

 

322,851

 

 

 

—

 

 

 

—

 

 

 

322,851

 

U.S. government securities

 

 

—

 

 

 

97,912

 

 

 

—

 

 

 

97,912

 

 

 

—

 

 

 

32,479

 

 

 

—

 

 

 

32,479

 

Commercial paper

 

 

—

 

 

 

119,108

 

 

 

—

 

 

 

119,108

 

 

 

—

 

 

 

150,560

 

 

 

—

 

 

 

150,560

 

Corporate debt securities

 

 

—

 

 

 

304,545

 

 

 

—

 

 

 

304,545

 

 

 

—

 

 

 

142,684

 

 

 

—

 

 

 

142,684

 

Total

 

$

409,309

 

 

$

521,565

 

 

$

—

 

 

$

930,874

 

 

$

395,046

 

 

$

325,723

 

 

$

—

 

 

$

720,769