FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Summary of Fair Value Measurements of Cash Equivalents and Marketable Securities

The fair value measurements of the Company’s cash equivalents and marketable securities are identified at the following levels within the fair value hierarchy (in thousands):

	September 30, 2023
	Fair Value Measurements
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents:
Money market funds	$	3,417	$	3,417	$	—	$	—
Total	3,417		3,417		—		—
Marketable securities:
U.S. government-sponsored entity debt securities	28,637		—		28,637		—
Commercial paper securities	18,891		—		18,891		—
Corporate debt securities	1,379		—		1,379		—
Asset-backed securities	8,429		—		8,429		—
U.S. treasury bills	5,581		—		5,581		—
Certificates of deposit	12,680		—		12,680		—
Total	75,597		—		75,597		—
Total cash equivalents and marketable securities	$	79,014	$	3,417	$	75,597	$	—

	December 31, 2022
	Fair Value Measurements
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents:
Money market funds	$	50,820	$	50,820	$	—	$	—
Total	50,820		50,820		—		—
Marketable securities:
U.S. government-sponsored entity debt securities	18,417		—		18,417		—
Commercial paper securities	101,165		—		101,165		—
Corporate debt securities	11,670		—		11,670		—
Asset-backed securities	24,792		—		24,792		—
U.S. treasury bills	7,938		—		7,938		—
Certificates of deposit	37,461		—		37,461		—
Agency bonds	5,590		—		5,590		—
Total	207,033		—		207,033		—
Total cash equivalents and marketable securities	$	257,853	$	50,820	$	207,033	$	—