Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy

The following table represents the Company’s fair value hierarchy for its financial assets and liabilities (in thousands):

	Fair Value at March 31, 2024						Fair Value at December 31, 2023
Assets	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Money market funds(1)	$	118,470	$	—	$	—	$	171,824	$	—	$	—
Government-backed securities(1)	—		200,000		—		—		200,000		—
Treasury securities(1)	—		46,875		—		—		45,622		—
Corporate debt securities(1)	—		61,428		—		—		—		—
Total cash equivalents	$	118,470	$	308,303	$	—	$	171,824	$	245,622	$	—
Liabilities
5.00% Convertible notes due 2027	$	—	$	109,088	$	—	$	—	$	100,909	$	—

(1)All investments are classified as Cash and cash equivalents as of March 31, 2024 and December 31, 2023, on the consolidated balance sheets.