Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Financial Assets Measured at Fair Value On Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021, and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):

	September 30, 2022
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	89,687	$	—	$	—	$	89,687
U.S. treasury and agency securities		2,398		—		—		2,398
Marketable securities:
Corporate securities		—		149,875		—		149,875
U.S. treasury and agency securities		52,713		4,973		—		57,686
Total financial assets	$	144,798	$	154,848	$	—	$	299,646

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	412,070	$	—	$	—	$	412,070
Marketable securities:
Corporate securities		—		7,708		—		7,708
U.S. treasury and agency securities		6,057		—		—		6,057
Total financial assets	$	418,127	$	7,708	$	—	$	425,835