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Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of Amortized Cost Gross Unrealized Holding Gains or Losses and Fair Value of Marketable Securities

The Company did not hold any marketable securities as of December 31, 2023. The amortized cost, gross unrealized holding gains or losses, and fair value of the Company’s marketable securities by major security type as of December 31, 2022 are summarized in the table below (in thousands):

 

 

 

December 31, 2022

 

 

 

Amortized
Cost Basis

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

Available-for-sale securities

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

65,807

 

 

$

 

 

$

(416

)

 

$

65,391

 

Commercial paper

 

 

115,381

 

 

 

13

 

 

 

(333

)

 

 

115,061

 

U.S. agency securities

 

 

53,767

 

 

 

15

 

 

 

(327

)

 

 

53,455

 

Asset-backed securities

 

 

1,914

 

 

 

 

 

 

 

 

 

1,914

 

Total available-for-sale securities

 

$

236,869

 

 

$

28

 

 

$

(1,076

)

 

$

235,821