Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize our financial assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of the dates indicated:

	September 30, 2023
	Level 1		Level 2		Level 3		Aggregate Fair Value
Assets:
Money market funds	$	125,311	$	—	$	—	$	125,311
Total assets	125,311		—		—		125,311
Liabilities:
Profits interests, noncurrent	—		—		643		643
Derivative liabilities, noncurrent	—		—		2,954		2,954
Total liabilities	$	—	$	—	$	3,597	$	3,597

	December 31, 2022
	Level 1		Level 2		Level 3		Aggregate Fair Value
Assets:
Money market funds	$	80,327	$	—	$	—	$	80,327
Total assets	80,327		—		—		80,327
Liabilities:
Derivative liabilities, noncurrent	—		—		1,281		1,281
Total liabilities	$	—	$	—	$	1,281	$	1,281

Schedule of Fair Value Measurements Inputs

The following table provides quantitative information regarding Level 3 fair value measurements inputs for the derivative liabilities at their measurement dates:

	As of
	September 30, 2023		December 31, 2022
Volatility	39.80	%	37.30	%
Discount rate	22.40	%	21.80	%
Credit spread	1.70	%	0.20	%
Risk-free rate	3.50	%	3.50	%

The following table provides quantitative information regarding Level 3 fair value measurements inputs for the profits interests at the measurement date:

	As of
	September 30, 2023
Discount rate	22.80	%
Discount for lack of marketability	30.50	%

Schedule of Changes in Fair Value of Liabilities

The following table summarizes the change in fair value of the liabilities during the nine months ended September 30, 2023 and 2022:

Balance at January 1, 2023	$	1,281
Establishment of profits interests liability (see Note 9 – Stock-Based Compensation)	1,010
Change in fair value of profits interests liability	(367)
Change in fair value of derivative instruments	1,673
Balance at September 30, 2023	$	3,597
Balance at January 1, 2022	$	31,347
Change in fair value of derivative instruments	(15,626)
Warrants exchanged for Class A common stock (see Note 15 – Warrant Exchange)	$	(14,401)
Balance at September 30, 2022	$	1,320