Cash and Cash Equivalents and Marketable Securities (Tables)

9 Months Ended

Sep. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Summary of Cash and Cash Equivalents and Marketable Securities

As of September 30, 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 September 30, 2023
Cash and cash equivalents:
Cash	$	38,643	$	—	$	—		$	38,643
Money market funds		68,726		—		—			68,726
Total cash and cash equivalents:	$	107,369	$	—	$	—		$	107,369
Marketable securities:
U.S. Treasury and government-sponsored enterprises	$	42,159	$	—	$	(64	)	$	42,095
Commercial paper		100,797		—		(189	)		100,608
Total marketable securities	$	142,956	$	—	$	(253	)	$	142,703
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