Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Financial Instruments

Schedule of assets and liabilities measured fair value on a recurring basis

Below is a summary of assets and liabilities measured at fair value on a recurring basis (in thousands):

	As of March 31, 2024
	Quoted
	Prices		Significant		Significant
	in Active		Observable		Unobservable
	Markets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
Cash and cash equivalents:
Money market funds	$	104,705	$	—	$	—	$	104,705
Treasury bills		19,997		—		—		19,997
Short-term investments:
Treasury bills		103,251		—		—		103,251
Reverse repurchase agreements		—		80,000		—		80,000
Treasury notes		14,644		—		—		14,644
Total	$	242,597	$	80,000	$	—	$	322,597

	As of December 31, 2023
	Quoted
	Prices		Significant		Significant
	in Active		Observable		Unobservable
	Markets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
Cash and cash equivalents:
Money market funds	$	7,709	$	—	$	—	$	7,709
Short-term investments:
Reverse repurchase agreements		—		71,000		—		71,000
Total	$	7,709	$	71,000	$	—	$	78,709