Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

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

	June 30, 2022
	Level 1		Level 2		Level 3		Fair Value
	(in thousands)
Assets:
Money market funds	$	20,281	$	—	$	—	$	20,281
Commercial paper		—		138,816		—		138,816
U.S. treasury securities		—		28,422		—		28,422
Total financial assets	$	20,281	$	167,238	$	—	$	187,519

	December 31, 2021
	Level 1		Level 2		Level 3		Fair Value
	(in thousands)
Assets:
Money market funds	$	7,794	$	—	$	—	$	7,794
Corporate bonds		—		4,499		—		4,499
Commercial paper		—		187,749		—		187,749
U.S. treasury securities		—		16,024		—		16,024
Total financial assets	$	7,794	$	208,272	$	—	$	216,066