Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, by Balance Sheet Grouping

The following table summarizes financial assets and liabilities measured and recorded at fair value on a recurring basis in the accompanying consolidated balance sheets as of December 31, 2023 and

December 31, 2022, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

	December 31, 2023
	Quoted Prices in Active Markets for Identical Assets (Level 1 Inputs)		Significant Other Observable Inputs (Level 2 Inputs)		Significant Unobservable Inputs (Level 3 Inputs)		Total
Assets:
Money market funds	$	54,269	$	—	$	—	$	54,269
U.S. treasury securities	—		179,721		—		179,721
Total assets	$	54,269	$	179,721	$	—	$	233,990
Liabilities:
Contingent consideration	$	—	$	—	$	597	$	597
Total liabilities	$	—	$	—	$	597	$	597

	December 31, 2022
	Quoted Prices in Active Markets for Identical Assets (Level 1 Inputs)		Significant Other Observable Inputs (Level 2 Inputs)		Significant Unobservable Inputs (Level 3 Inputs)		Total
Assets:
Money market funds	$	36,222	$	—	$	—	$	36,222
U.S. treasury securities	—		153,501		—		153,501
Corporate securities	—		4,273		—		4,273
Convertible debt securities (See Note 5)	—		—		3,652		3,652
Total assets	$	36,222	$	157,774	$	3,652	$	197,648
Liabilities:
Contingent consideration	$	—	$	—	$	227	$	227
Total liabilities	$	—	$	—	$	227	$	227

Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

A rollforward of the fair value measurements of the convertible debt securities for the years ended December 31, 2022 and 2023 is as follows:

Balance as of December 31, 2021	$	500
Additional investment in convertible debt securities	2,000
Change in fair value included in other income, net	1,152
Balance as of December 31, 2022	3,652
Additional investment in convertible debt securities	326
Change in fair value included in other income, net	3,552
Conversion of convertible debt securities (See Note 9)	$	(7,530)
Balance as of December 31, 2023	$	—

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The following table represents the key inputs used in the fair value calculation:

	December 31, 2023
Risk free interest rate	4.80	%
Projected year of payment	2025
Revenue volatility	11.0	%
Discount rate	7.70	%

The following table represents the key inputs used in the fair value calculation:

	December 31, 2022
Risk free interest rate	4.72	%
Projected year of payment	2023
Revenue volatility	20.1	%
Discount rate	9.72	%

Schedule of Rollforward of Fair Value Measurements of Contingent Consideration

A rollforward of the fair value measurements of the contingent consideration liability for the years ended December 31, 2023 and 2022, is as follows:

Balance as of December 31, 2021	$	424
Expense recognized related to service period rendered	(20)
Payments made	(177)
Balance as of December 31, 2022	227
Expense recognized related to service period rendered	(4)
Payments made	(223)
Balance as of December 31, 2023	$	—