Fair Value Measurements (Tables)

9 Months Ended

Sep. 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:

	September 30, 2023
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market fund	$	22,097	$	—	$	—	$	22,097
Totals	$	22,097	$	—	$	—	$	22,097
Short-term investments:
U.S. government treasury securities	$	115,195	$	—	$	—	$	115,195
Marketable securities:
Corporate and agency bonds		—		2,496		—	$	2,496
Totals	$	115,195	$	2,496	$	—	$	117,691

	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