Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

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

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis and classified under the appropriate level of the fair value hierarchy as described above (in thousands):


		September 30, 2022
		Total				Level 1				Level 2				Level 3
Financial Assets:
Cash equivalents:
U.S. Treasury money market funds		$	61,978			$	61,978			$	—			$	—
Marketable securities:
U.S. Treasury securities			89,051				89,051				—				—
Commercial paper			121,991				—				121,991				—
U.S. agency bonds			14,888				—				14,888				—
Total		$	287,908			$	151,029			$	136,879			$	—


		December 31, 2021
		Total				Level 1				Level 2				Level 3
Financial Assets:
Cash equivalents:
U.S. Treasury money market funds		$	60,375			$	60,375			$	—			$	—
Marketable securities:
U.S. Treasury securities			82,106				82,106				—				—
Commercial paper			46,687				—				46,687				—
Corporate debt securities			15,481				—				15,481				—
U.S. agency bonds			1,199				—				1,199				—
Total		$	205,848			$	142,481			$	63,367			$	—