Investments (Tables)

12 Months Ended

Dec. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments Classified by Contractual Maturity Date

The fair value and amortized cost of available-for-sale securities by major security type as of December 31, 2023 and December 31, 2022 were as follows (in thousands):

	December 31, 2023
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Money market funds	$	36,009	$	—	$	—	$	36,009
Certificates of deposit	735		—		(2)		733
Corporate bonds	3,662		—		—		3,662
U.S. treasury securities	126,345		74		(53)		126,366
Total cash equivalents and investments	$	166,751	$	74	$	(55)	$	166,770

	December 31, 2022
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Money market funds	$	49,003	$	—	$	—	$	49,003
Certificates of deposit	490		—		—		490
Commercial paper	1,667		—		—		1,667
Corporate bonds	30,683		3		(29)		30,657
U.S. agency	13,024		—		(24)		13,000
U.S. treasury securities	139,476		5		(747)		138,734
Total cash equivalents and investments	$	234,343	$	8	$	(800)	$	233,551

These available-for-sale debt securities were classified on the Company’s balance sheets as of December 31, 2023 and December 31, 2022 as (in thousands):

	Fair Value
	December 31,
	2023		2022
Cash equivalents	$	56,110	$	61,577
Short-term investments	108,671		162,212
Long-term investments	1,989		9,762
Total cash equivalents and investments	$	166,770	$	233,551

The fair values of available-for-sale securities by contractual maturity as of December 31, 2023 were as follows (in thousands):

	December 31, 2023
Due in 1 year or less	$	128,772
Due in 1 to 2 years	1,989
Total	$	130,761