Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Summary of Fair Value Measurements

The following tables provide the fair value measurements of applicable Company assets that are measured at fair value on a recurring basis according to the fair value levels defined above as of March 31, 2024 and December 31, 2023. There were no transfers between Level 1 and Level 2 during the periods presented.

	Assets at Fair Value as of March 31, 2024
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash and cash equivalents	$	96,494	$	—	$	—	$	96,494
Short-term investments	245,098		14,006		—		259,104
Total cash and cash equivalents and investments	$	341,592	$	14,006	$	—	$	355,598

	Assets at Fair Value as of December 31, 2023
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash and cash equivalents	$	22,465	$	—	$	—	$	22,465
Short-term investments	141,596		5,965		—		147,561
Total cash and cash equivalents and investments	$	164,061	$	5,965	$	—	$	170,026