Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

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

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy:

		September 30, 2022
	Valuation Hierarchy	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value
		(In thousands)
Assets:
Cash equivalents:
Money market funds	Level 1	$	23,376	$	—	$	—		$	23,376
Commercial paper	Level 2		9,966		—		—			9,966
Marketable securities:
U.S. treasuries	Level 1		50,048		1		(445	)		49,604
Commercial paper	Level 2		44,510		—		(164	)		44,346
Corporate bonds	Level 2		2,675		—		(25	)		2,650
Government agencies bonds	Level 2		18,490		—		(134	)		18,356
Total financial assets		$	149,065	$	1	$	(768	)	$	148,298

		December 31, 2021
	Valuation Hierarchy	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value
		(In thousands)
Assets:
Cash equivalents:
Money market funds	Level 1	$	37,129	$	—	$	—		$	37,129
Marketable securities:
U.S. treasuries	Level 1		78,097		—		(85	)		78,012
Commercial paper	Level 2		121,634		—		(50	)		121,584
Corporate bonds	Level 2		8,979		—		(3	)		8,976
Government agencies bonds	Level 2		4,602		—		(3	)		4,599
Total financial assets		$	250,441	$	—	$	(141	)	$	250,300