Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Money Market Funds, U.S. Government Agency Securities and Corporate Debt Securities by Significant Investment Category

The following tables show the Company’s Money Market Funds, U.S. government agency securities and corporate debt securities by significant investment category as of March 31, 2022 and December 31, 2021 (in thousands):

	As of March 31, 2022
	Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value
Level 1:
Money Market Funds	$	16,064	$	—	$	—	$	16,064
Level 2:
U.S. government agency securities included in cash and cash equivalents and short-term investments	—		—		—		—
Corporate debt securities included in cash and cash equivalents and short-term investments	147,935		—		(950)		146,985
Total financial assets	$	163,999	$	—	$	(950)	$	163,049

	As of December 31, 2021
	Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value
Level 1:
Money Market Funds	$	15,329	$	—	$	—	$	15,329
Level 2:
U.S. government agency securities included in short-term investments	5,003		—		—		5,003
Corporate debt securities included in cash and cash equivalents and short-term investments	163,626		1		(202)		163,425
Total financial assets	$	183,958	$	1	$	(202)	$	183,757