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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values:

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

167,584

 

 

$

 

 

$

 

 

$

167,584

 

Marketable Securities

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury obligations

 

 

 

 

 

59,118

 

 

 

 

 

 

59,118

 

U.S. Government agency securities

 

 

 

 

 

14,941

 

 

 

 

 

 

14,941

 

Commercial paper

 

 

 

 

 

310,433

 

 

 

 

 

 

310,433

 

Corporate bonds

 

 

 

 

 

61,249

 

 

 

 

 

 

61,249

 

Asset-backed securities

 

 

 

 

 

12,508

 

 

 

 

 

 

12,508

 

Total

 

$

167,584

 

 

$

458,249

 

 

$

 

 

$

625,833

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

731,767

 

 

$

 

 

$

 

 

$

731,767

 

Total cash equivalents

 

$

731,767

 

 

$

 

 

$

 

 

$

731,767