Cash Equivalents and Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2024

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 fixed income marketable securities by major security type are as follows (in thousands):

	June 30, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Money market funds	$	66,942	$	—	$	—	$	66,942
U.S. Treasury securities	291,040		4		(251)		290,793
U.S. government agency securities	38,651		1		(77)		38,575
Corporate debt securities	81,010		—		(74)		80,936
Total cash equivalents and fixed income marketable securities	$	477,643	$	5	$	(402)	$	477,246

Classified as:	Fair Value
Cash equivalents	$	119,701
Marketable securities	357,545
Marketable securities, non-current	—
Total cash equivalents and fixed income marketable securities	$	477,246

	December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Money market funds	$	62,075	$	—	$	—	$	62,075
U.S. Treasury securities	374,214		237		(95)		374,356
U.S. government agency securities	48,924		3		(177)		48,750
Corporate debt securities	59,668		—		(62)		59,606
Total cash equivalents and fixed income marketable securities	$	544,881	$	240	$	(334)	$	544,787

Classified as:	Fair Value
Cash equivalents	$	127,705
Marketable securities	400,576
Marketable securities, non-current	16,506
Total cash equivalents and fixed income marketable securities	$	544,787

Schedule of Fair Value and Amortized Cost of Marketable Securities

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

	June 30, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Money market funds	$	66,942	$	—	$	—	$	66,942
U.S. Treasury securities	291,040		4		(251)		290,793
U.S. government agency securities	38,651		1		(77)		38,575
Corporate debt securities	81,010		—		(74)		80,936
Total cash equivalents and fixed income marketable securities	$	477,643	$	5	$	(402)	$	477,246

Classified as:	Fair Value
Cash equivalents	$	119,701
Marketable securities	357,545
Marketable securities, non-current	—
Total cash equivalents and fixed income marketable securities	$	477,246

	December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Money market funds	$	62,075	$	—	$	—	$	62,075
U.S. Treasury securities	374,214		237		(95)		374,356
U.S. government agency securities	48,924		3		(177)		48,750
Corporate debt securities	59,668		—		(62)		59,606
Total cash equivalents and fixed income marketable securities	$	544,881	$	240	$	(334)	$	544,787

Classified as:	Fair Value
Cash equivalents	$	127,705
Marketable securities	400,576
Marketable securities, non-current	16,506
Total cash equivalents and fixed income marketable securities	$	544,787