Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Measurements

Summary of Financial Assets Measured at Fair Value on Recurring Basis

The following table summarizes financial assets that the Company measured at fair value on a recurring basis, classified in accordance with the fair value hierarchy (in thousands):

	Fair Value Measurements at Reporting Date Using:
	Level 1		Level 2		Level 3		Total
As of September 30, 2022:
Money market funds	$	7,874	$	—	$	—	$	7,874
Commercial paper		—		44,774		—		44,774
U.S. government securities		20,080		—		—		20,080
U.S. agency bonds		—		16,167		—		16,167
Corporate debt securities		—		992		—		992
Total cash equivalents and short-term investments	$	27,954	$	61,933	$	—	$	89,887
Reported as:
Cash and cash equivalents (includes cash of $821)							$	39,834
Short-term investments								50,874
Total cash, cash equivalents and short-term investments							$	90,708

	Fair Value Measurements at Reporting Date Using:
	Level 1		Level 2		Level 3		Total
As of December 31, 2021:
Money market funds	$	10,585	$	—	$	—	$	10,585
Commercial paper		—		84,616		—		84,616
U.S. government securities		27,824		—		—		27,824
U.S. agency bonds		—		8,531		—		8,531
Corporate debt securities		—		8,265		—		8,265
Total cash equivalents and short-term investments	$	38,409	$	101,412	$	—	$	139,821
Reported as:
Cash and cash equivalents (includes cash of $397)							$	24,780
Short-term investments								115,438
Total cash, cash equivalents and short-term investments							$	140,218