Cash and Cash Equivalents and Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Summary of Cash and Cash Equivalents and Marketable Securities

Cash and cash equivalents and marketable securities were comprised of the following:

	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
	(in thousands)
As of June 30, 2024
Cash and cash equivalents:
Cash	$	44,565	$	—	$	—		$	44,565
Money market funds		35,255		—		—			35,255
Total cash and cash equivalents:	$	79,820	$	—	$	—		$	79,820
Marketable securities:
Commercial paper	$	109,240	$	5	$	(106	)	$	109,139
Corporate debt securities		19,198		—		(34	)		19,164
Total marketable securities	$	128,438	$	5	$	(140	)	$	128,303
As of December 31, 2023
Cash and cash equivalents:
Cash	$	44,462	$	—	$	—		$	44,462
Money market funds		36,991		—		—			36,991
Commercial paper		29,811		4		—			29,815
Total cash and cash equivalents:	$	111,264	$	4	$	—		$	111,268
Marketable securities:
U.S. Treasury and government-sponsored enterprises	$	22,434	$	—	$	(25	)	$	22,409
Commercial paper		89,901		60		(11	)		89,950
Total marketable securities	$	112,335	$	60	$	(36	)	$	112,359