Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

The following table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values as of March 31, 2023 and December 31, 2022:

Description	Financial Assets		Level 1		Level 2		Level 3
	(in thousands)
As of March 31, 2023
Assets
Investments included in cash and cash equivalents
Money market funds	$	33,362	$	33,362	$	—	$	—
Commercial paper		4,086		—		4,086		—
Total investments included in cash and cash equivalents		37,448		33,362		4,086		—
Marketable securities
U.S. Treasury and government-sponsored enterprises		131,222		—		131,222		—
Commercial paper		61,441		—		61,441		—
Total marketable securities		192,663		—		192,663		—
Total financial assets	$	230,111	$	33,362	$	196,749	$	—
As of December 31, 2022
Assets
Money market funds included in cash and cash equivalents	$	42,995	$	42,995	$	—	$	—
Marketable securities
U.S. Treasury and government-sponsored enterprises		184,420		—		184,420		—
Total financial assets	$	227,415	$	42,995	$	184,420	$	—