Fair value measurements (Tables)

12 Months Ended

Dec. 31, 2022

Schedule 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 and indicates the level of the fair value hierarchy utilized to determine such fair values as of December 31, 2022 (in thousands):


	Fair Value		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	28,705	$	28,705	$	—	$	—

U.S. Treasury securities	799		—		799		—
Marketable securities:
Corporate debt securities	234,327		—		234,327		—
U.S. government debt securities	47,641		—		47,641		—
U.S. Treasury securities	25,393		—		25,393		—
Total cash equivalents and marketable securities	$	336,865	$	28,705	$	308,160	$	—

The following table sets forth the fair value of the Company’s financial assets by level within the fair value hierarchy at December 31, 2021 (in thousands):


	Fair Value		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	59,162	$	59,162	$	—	$	—
Corporate debt securities	11,649		—		11,649		—
U.S. Treasury securities	5,000		—		5,000		—
Marketable securities:
Corporate debt securities	308,300		—		308,300		—
U.S. government debt securities	37,883		—		37,883		—
U.S. Treasury securities	29,172		—		29,172		—
Total cash equivalents and marketable securities	$	451,166	$	59,162	$	392,004	$	—