Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Summary of Financial Assets Measured at Fair Value on Recurring Basis

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis and their respective input levels based on the fair value hierarchy (in thousands):

			Fair Value Measurements Using
As of June 30, 2024 (in thousands)	Amount		Level 1		Level 2		Level 3
Assets
Money market funds (1)	$	28,130	$	28,130	$	—	$	—
U.S. government obligations (2)		139,126		—		139,126		—
Corporate debt securities (2)		8,801		—		8,801		—
Total fair value of assets	$	176,057	$	28,130	$	147,927	$	—

(1)Included in cash and cash equivalents on the balance sheets.

(2)Included in short-term investments on the balance sheets.

			Fair Value Measurements Using
As of December 31, 2023 (in thousands)	Amount		Level 1		Level 2		Level 3
Assets
Money market funds (1)	$	21,737	$	21,737	$	—	$	—
U.S. government obligations (2)		92,143		—		92,143		—
Corporate debt securities (2)		4,903		—		4,903		—
Total fair value of assets	$	118,783	$	21,737	$	97,046	$	—

(1)Included in cash and cash equivalents on the balance sheets.

(2)Included in short-term investments on the balance sheets.