Cash Equivalents and Marketable Securities (Tables)

3 Months Ended

Mar. 31, 2023

Cash and Cash Equivalents [Abstract]

Schedule of Fair Value and Amortized Cost of Cash Equivalents

The fair value and amortized cost of cash equivalents and marketable securities by major security type are as follows (in thousands):

	March 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Money market funds	$	54,337	$	—	$	—	$	54,337
U.S. Treasury securities	285,287		91		(2,849)		282,529
U.S. government agency securities	124,533		102		(749)		123,886
Corporate debt securities	182,196		36		(510)		181,722
Total cash equivalents and marketable securities	$	646,353	$	229	$	(4,108)	$	642,474

Classified as:	Fair Value
Cash equivalents	$	83,876
Marketable securities	503,343
Marketable securities, non-current	55,255
Total cash equivalents and marketable securities	$	642,474

	December 31, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Money market funds	$	67,970	$	—	$	—	$	67,970
U.S. Treasury securities	277,056		—		(5,257)		271,799
U.S. government agency securities	135,460		1		(1,416)		134,045
Corporate debt securities	221,608		3		(930)		220,681
Total cash equivalents and marketable securities	$	702,094	$	4	$	(7,603)	$	694,495

Classified as:	Fair Value
Cash equivalents	$	107,780
Marketable securities	516,598
Marketable securities, non-current	70,117
Total cash equivalents and marketable securities	$	694,495

Schedule of Fair Value and Amortized Cost of Marketable Securities

The fair value and amortized cost of cash equivalents and marketable securities by major security type are as follows (in thousands):

	March 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Money market funds	$	54,337	$	—	$	—	$	54,337
U.S. Treasury securities	285,287		91		(2,849)		282,529
U.S. government agency securities	124,533		102		(749)		123,886
Corporate debt securities	182,196		36		(510)		181,722
Total cash equivalents and marketable securities	$	646,353	$	229	$	(4,108)	$	642,474

Classified as:	Fair Value
Cash equivalents	$	83,876
Marketable securities	503,343
Marketable securities, non-current	55,255
Total cash equivalents and marketable securities	$	642,474

	December 31, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Money market funds	$	67,970	$	—	$	—	$	67,970
U.S. Treasury securities	277,056		—		(5,257)		271,799
U.S. government agency securities	135,460		1		(1,416)		134,045
Corporate debt securities	221,608		3		(930)		220,681
Total cash equivalents and marketable securities	$	702,094	$	4	$	(7,603)	$	694,495

Classified as:	Fair Value
Cash equivalents	$	107,780
Marketable securities	516,598
Marketable securities, non-current	70,117
Total cash equivalents and marketable securities	$	694,495