Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Summary of fair value measurements on a recurring basis and the level of inputs

The Company’s financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used for such measurements were as follows (in thousands):

	Fair Value Measured as of
	December 31, 2023
	Level 1		Level 2		Level 3		Total
Assets
Cash, cash equivalents and restricted cash:
Cash and money market funds(1)	$	25,131	$	—	$	—	$	25,131
US government and agency		—		12,950		—		12,950
Total cash, cash equivalents and restricted cash	$	25,131	$	12,950	$	—	$	38,081
Short-term investments:
Commercial paper		—		16,360		—		16,360
Corporate notes and bonds		—		130,423		—		130,423
Municipal bonds		—		4,947		—		4,947
US government and agency		—		168,046		—		168,046
Total short-term investments	$	—	$	319,776	$	—	$	319,776
Long-term investments:
Corporate notes and bonds		—		44,554		—		44,554
US government and agency		—		55,935		—		55,935
Total long-term investments	$	—	$	100,489	$	—	$	100,489
Total Assets	$	25,131	$	433,215	$	—	$	458,346
Liabilities
Public warrants	$	23,004	$	—	$	—	$	23,004

	Fair Value Measured as of
	December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets
Cash, cash equivalents and restricted cash:
Cash and money market funds(1)	$	46,367	$	—	$	—	$	46,367
Total cash, cash equivalents and restricted cash	$	46,367	$	—	$	—	$	46,367
Short-term investments:
Commercial paper		—		129,698		—		129,698
Corporate notes and bonds		—		120,447		—		120,447
Municipal bonds		—		4,911		—		4,911
US government and agency		—		56,374		—		56,374
Total short-term investments	$	—	$	311,430	$	—	$	311,430
Long-term investments:
Corporate notes and bonds		—		150,763		—		150,763
Municipal bonds		—		4,721		—		4,721
US government and agency		—		26,517		—		26,517
Total long-term investments	$	—	$	182,001	$	—	$	182,001
Total Assets	$	46,367	$	493,431	$	—	$	539,798
Liabilities
Public warrants	$	3,819	$	—	$	—	$	3,819

Includes money market funds associated with the Company’s overnight investment sweep account and cash collateralizing the Company's letter of credit and corporate credit cards.