Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:

	June 30, 2023
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market fund	$	111,015	$	—	$	—	$	111,015
Totals	$	111,015	$	—	$	—	$	111,015
Short-term investments:
U.S. government treasury securities	$	42,102	$	—	$	—	$	42,102
Marketable securities:
Corporate and agency bonds		—		7,480		—		7,480
Totals	$	42,102	$	7,480	$	—	$	49,582

	December 31, 2022
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market fund	$	32,641	$	—	$	—	$	32,641
Totals	$	32,641	$	—	$	—	$	32,641
Short-term investments:
U.S. government treasury securities	$	99,036	$	—	$	—	$	99,036
Marketable securities:
Corporate and agency bonds		—		28,667		—	$	28,667
Totals	$	99,036	$	28,667	$	—	$	127,703