Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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 June 30, 2024
	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash and cash equivalents	$	35,617	$	—	$	—	$	35,617
Short-term investments	244,700		29,647		—		274,347
Total cash and cash equivalents and investments	$	280,317	$	29,647	$	—	$	309,964

	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