Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Summary of Fair Values of Financial Instruments

The fair values of the Company’s financial instruments are presented below (in thousands):

			Fair Value Measurements at September 30, 2023
	Total		Level 1		Level 2		Level 3
Financial assets carried at fair value:
Cash equivalents:	$	32,844	$	19,398	$	13,446	$	—
Short-term investments
Commercial paper, available-for-sale		90,828		—		90,828		—
Corporate debt securities, available-for-sale		98,339		—		98,339		—
Government debt securities, available-for-sale		149,889		—		149,889		—
Total financial assets	$	371,900	$	19,398	$	352,502	$	—

			Fair Value Measurements at December 31, 2022
	Total		Level 1		Level 2		Level 3
Financial assets carried at fair value:
Cash equivalents:	$	16,243	$	5,617	$	10,626	$	—
Short-term investments
Commercial paper, available-for-sale		43,780		—		43,780		—
Corporate debt securities, available-for-sale		71,359		—		71,359		—
Government debt securities, available-for-sale		3,714		—		3,714		—
Total financial assets	$	135,096	$	5,617	$	129,479	$	—