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Cash Equivalents and Marketable Securities (Tables)
9 Months Ended
Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Summary of Marketable Securities

Cash equivalents and marketable securities consisted of the following as of September 30, 2022 and December 31, 2021 (in thousands):

 

 

 

Fair Value Measurements at
September 30, 2022

 

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

38,038

 

 

$

 

 

$

 

 

$

38,038

 

U.S. Treasury securities

 

 

23,979

 

 

 

3

 

 

 

 

 

 

23,982

 

Commercial paper

 

 

28,924

 

 

 

1

 

 

 

(7

)

 

 

28,918

 

Total cash equivalents

 

 

90,941

 

 

 

4

 

 

 

(7

)

 

 

90,938

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

17,258

 

 

 

 

 

 

(35

)

 

 

17,223

 

Commercial paper

 

 

41,135

 

 

 

 

 

 

(94

)

 

 

41,041

 

Corporate bonds

 

 

73,376

 

 

 

 

 

 

(789

)

 

 

72,587

 

Total marketable securities

 

 

131,769

 

 

 

 

 

 

(918

)

 

 

130,851

 

Total cash equivalents and marketable securities

 

$

222,710

 

 

$

4

 

 

$

(925

)

 

$

221,789

 

 

 

 

Fair Value Measurements at
December 31, 2021

 

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

35,412

 

 

$

 

 

$

 

 

$

35,412

 

Total cash equivalents

 

 

35,412

 

 

 

 

 

 

 

 

 

35,412

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

81,450

 

 

 

 

 

 

(68

)

 

 

81,382

 

Corporate bonds

 

 

101,697

 

 

 

 

 

 

(329

)

 

 

101,368

 

Total marketable securities

 

 

183,147

 

 

 

 

 

 

(397

)

 

 

182,750

 

Total cash equivalents and marketable securities

 

$

218,559

 

 

$

 

 

$

(397

)

 

$

218,162