Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2024

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

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis (in thousands):

			Fair Value Measurements at March 31, 2024 Using:
Assets:	Total		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	18,567	$	18,567	$	—	$	—
Short-term investments:
U.S. Treasury securities		55,328		55,328		—		—
U.S. government-sponsored enterprise securities		30,040		—		30,040		—
Total assets	$	103,935	$	73,895	$	30,040	$	—

			Fair Value Measurements at December 31, 2023 Using:
Assets:	Total		Level 1		Level 2		Level 3
Cash equivalents:
Money market funds	$	31,191	$	31,191	$	—	$	—
Short-term investments:
U.S. Treasury securities		41,473		41,473		—		—
U.S. government-sponsored enterprise securities		49,970		—		49,970		—
Total assets	$	122,634	$	72,664	$	49,970	$	—