Cash, Cash Equivalents and Marketable Securities (Tables)

3 Months Ended

Mar. 31, 2024

Cash and Cash Equivalents [Abstract]

Schedule of Marketable Securities

Marketable securities, all of which had maturities of less than one year, consisted of the following:

	March 31, 2024
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Marketable securities:
U.S. treasury securities	$	97,490	$	—	$	(28	)	$	97,462
U.S. government agency bonds		26,995		—		(46	)		26,949
Total marketable securities	$	124,485	$	—	$	(74	)	$	124,411

Schedule of Marketable Securities in Continuous Unrealized Loss Position

The following table shows the fair value and gross unrealized losses of the Company’s marketable securities with unrealized losses that are not deemed to have credit losses and for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2024. It is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases.

	Less than 12 months
(in thousands)	Estimated Fair Value		Unrealized Losses
Marketable securities with unrealized losses:
U.S. treasury securities		90,597		(28	)
U.S. government agency bonds		26,949		(46	)
Total	$	117,546	$	(74	)