Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on Recurring Basis

Financial assets measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023 were as follows (in thousands):

	As of June 30, 2024
	Level 1		Level 2		Level 3		Total
Investment securities:
U.S. government obligations	$	269,533	$	—	$	—	$	269,533
Agency obligations		—		7,801		—		7,801
Certificates of deposit		—		735		—		735
Corporate debt securities		—		282,722		—		282,722
Total assets measured at fair value	$	269,533	$	291,258	$	—	$	560,791

	As of December 31, 2023
	Level 1		Level 2		Level 3		Total
Investment securities:
U.S. government obligations	$	280,209	$	—	$	—	$	280,209
Agency obligations		—		21,270		—		21,270
Certificates of deposit		—		2,440		—		2,440
Corporate debt securities		—		196,755		—		196,755
Commercial paper		—		2,984		—		2,984
Total assets measured at fair value	$	280,209	$	223,449	$	—	$	503,658