Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables sets forth the fair value of the Company’s financial assets and liabilities at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):

	March 31, 2021
	Level 1		Level 2		Level 3		Total
Financial Assets
Money market funds	$	73,798	$	—	$	—	$	73,798
U.S. treasury securities		—		46,429		—		46,429
Total financial assets	$	73,798	$	46,429	$	—	$	120,227

	December 31, 2020
	Level 1		Level 2		Level 3		Total
Financial Assets
Money market funds	$	6,700	$	—	$	—	$	6,700
U.S. treasury securities		—		57,181		—		57,181
U.S. government agency securities		—		66,893		—		66,893
Corporate bonds		—		3,001		—		3,001
Total financial assets	$	6,700	$	127,075	$	—	$	133,775