Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Financial Instruments Measured at Fair Value on Recurring Basis

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):

Balance as of September 30, 2022	Level 1		Level 2		Level 3		Total
Assets:
Money market funds (i)	$	109,642	$	—	$	—	$	109,642
Agency bonds (ii)		—		120,314		—		120,314
Commercial paper (ii)		—		17,175		—		17,175
Treasury bonds (ii)		118,568		—		—		118,568
Total assets	$	228,210	$	137,489	$	—	$	365,699

Balance as of December 31, 2021	Level 1		Level 2		Level 3		Total
Assets:
Money market funds (i)	$	9,562	$	—	$	—	$	9,562
Agency bonds (ii)		—		42,538		—		42,538
Commercial paper (ii)		—		61,884		—		61,884
Corporate notes (iii)		—		30,351		—		30,351
Treasury bonds (ii)		197,552		—		—		197,552
Total assets	$	207,114	$	134,773	$	—	$	341,887

(i)Included in cash and cash equivalents on the condensed consolidated balance sheets.

(ii)Included in short-term investments on the condensed consolidated balance sheets.

(iii)Included in cash and cash equivalents or short-term investments on the condensed consolidated balance sheets.