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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value on a Recurring Basis

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis and classified under the appropriate level of the fair value hierarchy as described above (in thousands):

 

 

 

June 30, 2024

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury money market funds

 

$

28,158

 

 

$

28,158

 

 

$

 

 

$

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Certificate of deposit

 

 

533

 

 

 

 

 

 

533

 

 

 

 

U.S. Treasury securities

 

 

51,889

 

 

 

51,889

 

 

 

 

 

 

 

Commercial paper

 

 

65,494

 

 

 

 

 

 

65,494

 

 

 

 

Corporate debt securities

 

 

10,990

 

 

 

 

 

 

10,990

 

 

 

 

U.S. government agency bonds

 

 

7,000

 

 

 

 

 

 

7,000

 

 

 

 

Total

 

$

164,064

 

 

$

80,047

 

 

$

84,017

 

 

$

 

 

 

 

December 31, 2023

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury money market funds

 

$

35,349

 

 

$

35,349

 

 

$

 

 

$

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Certificate of deposit

 

 

544

 

 

 

 

 

 

544

 

 

 

 

U.S. Treasury securities

 

 

54,175

 

 

 

54,175

 

 

 

 

 

 

 

Commercial paper

 

 

65,070

 

 

 

 

 

 

65,070

 

 

 

 

U.S. government agency bonds

 

 

46,090

 

 

 

 

 

 

46,090

 

 

 

 

Total

 

$

201,228

 

 

$

89,524

 

 

$

111,704

 

 

$