Investments (Tables)

9 Months Ended

Sep. 30, 2024

Investments, All Other Investments [Abstract]

Summary of Fair value of Company's Financial Assets

Fair Value of Financial Assets

The fair value of the Company's financial assets as of September 30, 2024, have been categorized based upon the fair value hierarchy as follows:

	Total		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents
Sovereign debt securities	$	5,280	$	—	$	5,280	$	—
Money market funds		94,156		—		94,156		—
Certificates of Deposit		776		—		776		—
Total financial assets included in cash and cash equivalents		100,212		—		100,212		—
Investments
Sovereign debt securities		145,328		—		145,328		—
Certificates of Deposit		7,000		—		7,000		—
Total financial assets included in investments		152,328		—		152,328		—
Total financial assets	$	252,540	$	—	$	252,540	$	—

The fair value of the Company's financial assets as of December 31, 2023 have been categorized based upon the fair value hierarchy as follows:

	Total		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents
Sovereign debt securities	$	84,343	$	—	$	84,343	$	—
Money market funds		46,818		—		46,818		—
Certificates of Deposit		6,202				6,202
Total financial assets included in cash and cash equivalents		137,363		—		137,363		—
Investments
Sovereign debt securities		162,899		—		162,899		—
Total financial assets included in investments		162,899		—		162,899		—
Total financial assets	$	300,262	$	—	$	300,262	$	—