Cash and Cash Equivalents and Investments (Tables)

3 Months Ended

Mar. 31, 2024

Cash, Cash Equivalents, and Short-Term Investments [Abstract]

Schedule of Cash, Cash Equivalents and Short-term Investments

The fair value of cash and cash equivalents and investments held at March 31, 2024 and December 31, 2023 are as follows: 

	As of March 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(in thousands)
Cash and cash equivalents	$	96,494	$	—	$	—	$	96,494
Securities maturing within one year:
U.S. treasury securities	245,145		9		(56)		245,098
Corporate debt securities	14,008		3		(5)		14,006
Total short-term investments	$	259,153	$	12	$	(61)	$	259,104
Total cash and cash equivalents and investments	$	355,647	$	12	$	(61)	$	355,598
	As of December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
			(in thousands)
Cash and cash equivalents	$	22,465	$	—	$	—	$	22,465
Securities maturing within one year:
U.S. treasury securities	141,577		31		(12)		141,596
Corporate debt securities	5,954		11		—		5,965
Total short-term investments	$	147,531	$	42	$	(12)	$	147,561
Total cash and cash equivalents and investments	$	169,996	$	42	$	(12)	$	170,026