Fair Value Measurements and Investments (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Investments Subject to Fair Value Measurements on a Recurring Basis

The following tables set forth the fair value of the Company’s investments subject to fair value measurements on a recurring basis and the level of inputs used in such measurements:

		March 31, 2023
	Valuation Hierarchy	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Aggregate Fair Value
		(in thousands)
Assets
Money market funds	Level I	$	56,794	$	—	$	—	$	56,794
Restricted cash (money market funds)	Level I		917		—		—		917
U.S. Treasury securities	Level I		148,119		26		—		148,145
Total		$	205,830	$	26	$	—	$	205,856

		December 31, 2022
	Valuation Hierarchy	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Aggregate Fair Value
		(in thousands)
Assets
Money market funds	Level I	$	64,706	$	—	$	—	$	64,706
Restricted cash (money market funds)	Level I		917		—		—		917
U.S. Treasury securities	Level I		29,941		10		—		29,951
Total		$	95,564	$	10	$	—	$	95,574