Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values (in thousands):

	September 30, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	38,813	$	—	$	—	$	38,813
Marketable securities:
Treasury bills		162,556		—		—		162,556
Total marketable securities		162,556		—		—		162,556
Restricted cash equivalents		1,441		—		—		1,441
Total financial assets	$	202,810	$	—	$	—	$	202,810

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	76,710	$	—	$	—	$	76,710
Marketable securities:
Treasury bills		196,165		—		—		196,165
U.S. agency bonds		—		4,996		—		4,996
Total marketable securities		196,165		4,996		—		201,161
Restricted cash equivalents		719		—		—		719
Total financial assets	$	273,594	$	4,996	$	—	$	278,590