Cash and Cash Equivalents and Marketable Securities (Tables)

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Summary of Cash and Cash Equivalents and Marketable Securities

As of March 31, 2023 and December 31, 2022, cash and cash equivalents and marketable securities were comprised of the following:

	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
	(in thousands)
As of March 31, 2023
Cash and cash equivalents:
Cash	$	84,013	$	—	$	—		$	84,013
Money market funds		33,362		—		—			33,362
Commercial paper		4,086		—		—			4,086
Total cash and cash equivalents:	$	121,461	$	—	$	—		$	121,461
Marketable securities:
U.S. Treasury and government-sponsored enterprises	$	131,393	$	21	$	(192	)	$	131,222
Commercial paper		61,506		—		(65	)		61,441
Total marketable securities	$	192,899	$	21	$	(257	)	$	192,663
As of December 31, 2022
Cash and cash equivalents:
Cash	$	116,526	$	—	$	—		$	116,526
Money market funds		42,995		—		—			42,995
Total cash and cash equivalents:	$	159,521	$	—	$	—		$	159,521
Marketable securities:
U.S. Treasury and government-sponsored enterprises	$	184,848	$	5	$	(433	)	$	184,420
Total marketable securities	$	184,848	$	5	$	(433	)	$	184,420