Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

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

The following tables show the Company’s short-term investments and cash equivalents by significant investment category as of September 30, 2024 and December 31, 2023 (in thousands):

		As of September 30, 2024								As of December 31, 2023
		Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value		Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value
Money Market Funds	Level 1	$	52,660	$	—	$	—	$	52,660	$	57,241	$	—	$	—	$	57,241
U.S. Treasury securities	Level 2	16,868		20		—		16,888		27,250		46		(8)		27,288
U.S. Government agency securities	Level 2	88,460		479		(2)		88,937		133,655		563		(132)		134,086
Corporate debt securities	Level 2	224,698		389		(38)		225,049		269,761		213		(337)		269,637
Total financial assets		$	382,686	$	888	$	(40)	$	383,534	$	487,907	$	822	$	(477)	$	488,252

	As of September 30, 2024								As of December 31, 2023
	Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value		Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value
Classified as:
Cash equivalents	$	58,637	$	—	$	—	$	58,637	$	57,241	$	—	$	—	$	57,241
Short-term investments	324,049		888		(40)		324,897		430,666		822		(477)		431,011
Total	$	382,686	$	888	$	(40)	$	383,534	$	487,907	$	822	$	(477)	$	488,252