Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

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, 2024
	Total		Level 1		Level 2		Level 3
Financial assets carried at fair value:
Cash equivalents:	$	35,841	$	35,841	$	—	$	—
Short-term investments
Commercial paper, available-for-sale		14,550		—		14,550		—
Corporate debt securities, available-for-sale		692,572		—		692,572		—
Government debt securities, available-for-sale		172,971		—		172,971		—
Total financial assets	$	915,934	$	35,841	$	880,093	$	—

			Fair Value Measurements at December 31, 2023
	Total		Level 1		Level 2		Level 3
Financial assets carried at fair value:
Cash equivalents:	$	40,479	$	16,411	$	24,068	$	—
Short-term investments
Commercial paper, available-for-sale		24,226		—		24,226		—
Corporate debt securities, available-for-sale		168,584		—		168,584		—
Government debt securities, available-for-sale		113,753		—		113,753		—
Total financial assets	$	347,042	$	16,411	$	330,631	$	—