Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Summary of Carrying Amounts and Estimated Fair Values of the Company's Financial Instruments

The Company’s financial assets measured at fair value on a recurring basis were as follows:

	Total		Fair value measurement as of September 30, 2024
			Level 1		Level 2		Level 3
	(in thousands)
Cash equivalents:
Money market funds	$	126,132	$	126,132	$	—	$	—
U.S. Treasury securities	109,373		109,373		—		—
Total	$	235,505	$	235,505	$	—	$	—

	Total		Fair value measurement as of December 31, 2023
			Level 1		Level 2		Level 3
	(in thousands)
Cash equivalents:
Money market funds	$	12,671	$	12,671	$	—	$	—
U.S. Treasury securities	199,121		199,121		—		—
Total	$	211,792	$	211,792	$	—	$	—

Summary of Fair Value Assets and Liabilities Measured on Recurring Basis

The following table provides the fair value of financial assets that are not measured at fair value:

	September 30, 2024				December 31, 2023
(in thousands)	Carrying value		Fair value		Carrying value		Fair value
Liabilities:
Debt	$	141,502	$	141,502	$	144,045	$	144,045
Total	$	141,502	$	141,502	$	144,045	$	144,045