Marketable Securities (Tables)

9 Months Ended

Sep. 30, 2022

Marketable Securities

Summary of investments

The following table summarizes the Company’s investments as of September 30, 2022 (in thousands):

			Gross
	Amortized		Unrealized				Estimated
	Cost		Gains		Losses		Fair Value
Marketable securities available-for-sale:
U.S. Treasury obligations	$	211,516		—		(936)	$	210,580
Total available-for-sale securities	$	211,516	$	—	$	(936)	$	210,580

The following table summarizes the Company’s investments as of December 31, 2021 (in thousands):

			Gross
	Amortized		Unrealized				Estimated
	Cost		Gains		Losses		Fair Value
Marketable securities available-for-sale:
U.S. Treasury obligations	$	40,194	$	—	$	(35)	$	40,159
Total available-for-sale securities	$	40,194	$	—	$	(35)	$	40,159