Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on a Recurring Basis

The following table summarize the Company’s assets measured at fair value on a recurring basis, by level, within the fair value hierarchy (in thousands):

	March 31, 2022
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market fund	$	6,826	$	—	$	—	$	6,826
Total cash equivalents	6,826		—		—		6,826
Short-term investments:
Money market fund	7		—		—		7
Commercial paper	—		92,774		—		92,774
Corporate debt securities	—		132,545		—		132,545
Total short-term investments	7		225,319		—		225,326
Total assets measured at fair value	$	6,833	$	225,319	$	—	$	232,152

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market fund	$	391	$	—	$	—	$	391
Total cash equivalents	391		—		—		391
Short-term investments:
Money market fund	7		—		—		7
Commercial paper	—		130,983		—		130,983
Corporate debt securities	—		139,367		—		139,367
Total short-term investments	7		270,350		—		270,357
Total assets measured at fair value	$	398	$	270,350	$	—	$	270,748