Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2023 and December 31, 2022:

Description	Financial Assets		Level 1		Level 2		Level 3
	(in thousands)
As of September 30, 2023
Assets
Money market funds included in cash and cash equivalents	$	68,726	$	68,726	$	—	$	—
Marketable securities
U.S. Treasury and government-sponsored enterprises		42,095		—		42,095		—
Commercial paper		100,608		—		100,608		—
Total marketable securities		142,703		—		142,703		—
Total financial assets	$	211,429	$	68,726	$	142,703	$	—
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	$	—