Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Summary of Marketable Securities

The following tables set forth marketable securities as of September 30, 2024 and December 31, 2023 (in thousands):

	As of September 30, 2024
	Amortized Cost		Unrealized Gains		Unrealized Losses			Total
U.S. Treasury notes	$	96,439	$	144	$	(15	)	$	96,568
Total	$	96,439	$	144	$	(15	)	$	96,568

	As of December 31, 2023
	Amortized Cost		Unrealized Gains		Unrealized Losses		Total
U.S. Treasury notes		29,622		11		—		29,633
Total	$	29,622	$	11	$	—	$	29,633

Summary of Fair Value of Financial Assets Measured at Fair Value on Recurring Basis

The following tables set forth the fair value of the Company’s financial assets measured at fair value on a recurring basis and indicate the level within the fair value hierarchy utilized to determine such values as of September 30, 2024 and December 31, 2023 (in thousands):

	As of September 30, 2024
	Total		Level 1		Level 2		Level 3
Cash Equivalents:
U.S. Treasury-backed money market funds	$	35,474	$	35,474	$	—	$	—
Marketable Securities:
U.S. Treasury notes		96,568		96,568		—		—
Total	$	132,042	$	132,042	$	—	$	—

	As of December 31, 2023
	Total		Level 1		Level 2		Level 3
Cash Equivalents:
U.S. Treasury-backed money market funds	$	64,397	$	64,397	$	—	$	—
U.S. Treasury notes	$	11,980	$	11,980	$	—	$	—
Marketable Securities:
U.S. Treasury notes	$	29,633	$	29,633	$	—	$	—
Total	$	106,010	$	106,010	$	—	$	—