Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Summary of Investments Measured and Recognized at Fair Value

As of December 31, 2023, investments measured and recognized at fair value are as follows (in thousands):

		December 31, 2023
	Fair Value Hierarchy Level	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Financial assets included within cash and    cash equivalents:
Money market funds	Level 1	$	174,429	$	—	$	—	$	174,429
Total		$	174,429	$	—	$	—	$	174,429

		December 31, 2022
	Fair Value Hierarchy Level	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Financial assets included within cash and    cash equivalents:
Money market funds	Level 1	$	105,684	$	—	$	—		$	105,684
Financial assets included within short-term    investments:
Corporate notes	Level 2		1,151		—		(1	)		1,150
Total		$	106,835	$	—	$	(1	)	$	106,834

As of December 31, 2022, all debt securities with an unrealized loss position have been in a loss position for less than one year. The aggregate fair value of debt securities in an unrealized loss position as of December 31, 2022 was $1.2 million with no individual securities in a significant unrealized loss position. The Company evaluated its securities for other-than-temporary impairment as of December 31, 2022, and considered the decline in market value to be primarily attributable to current economic and market conditions and would not be required to sell the securities before recovery of the amortized cost basis. Based on this analysis, these marketable securities were not considered to be other-than-temporarily impaired as of December 31, 2022. As there were no unrealized losses as of December 31, 2023, no allowance for credit losses has been recognized as of December 31, 2023. During the years ended December 31, 2023 and 2022, the Company did not recognize any impairment losses related to investments.