Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

The Company’s financial assets and liabilities that were measured at fair value on a recurring basis were as follows (in thousands):


	December 31, 2021
	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash equivalents:
Money market funds	$	44,142	$	—	$	—	$	44,142
Total cash equivalents	$	44,142	$	—	$	—	$	44,142
Short-term investments:

Non-U.S. government and agency securities	—		24,317		—		24,317
Corporate debt securities	—		92,737		—		92,737
Commercial paper	—		147,877		—		147,877
Total short-term investments	$	—	$	264,931	$	—	$	264,931
Long-term investments:
U.S. government and agency securities	$	185,075	$	—	$	—	$	185,075

Corporate debt securities	—		78,584		—		78,584

Total long-term investments	$	185,075	$	78,584	$	—	$	263,659
Other assets:
Convertible notes receivable	$	—	$	—	$	1,107	$	1,107
Total other assets:	$	—	$	—	$	1,107	$	1,107

Total assets measured at fair value	$	229,217	$	343,515	$	1,107	$	573,839

Financial Liabilities:
Public warrants liability	$	15,645	$	—	$	—	$	15,645
Private warrants liability	—		23,329		—		23,329
Contingent earn-out liability	—				377,576		377,576
Total liabilities measured at fair value	$	15,645	$	23,329	$	377,576	$	416,550


	December 31, 2020
	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash equivalents:
Money market funds	$	43,116	$	—	$	—	$	43,116
Total cash equivalents	$	43,116	$	—	$	—	$	43,116

Total assets measured at fair value	$	43,116	$	—	$	—	$	43,116

Schedule of Amortized Cost, Unrealized Gains and Losses, and Fair Value of AFS Debt Securities

The following table summarizes the amortized cost, unrealized gains and losses, and fair value of our available-for-sale debt securities as of December 31, 2021 (in thousands). There were no investments as of December 31, 2020.


	December 31, 2021
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value



Investments:
U.S. government and agency securities	$	186,113	$	—	$	(1,038)	$	185,075
Non-U.S. government and agency securities	24,385		—		(68)		24,317
Corporate debt securities	171,772		—		(451)		171,321
Commercial paper	147,914		—		(37)		147,877
Convertible notes receivable	1,000		107		—		1,107
Total available-for-sale investments	$	531,184	$	107	$	(1,594)	$	529,697

Amortized Cost and Fair Value of AFS Securities by Contractual Maturity Date

The following table summarizes the amortized cost and fair value of our available-for-sale debt securities as of December 31, 2021, by contractual years-to-maturity (in thousands):


	Amortized Cost		Fair Value
Due within one year	$	265,216	$	264,931
Due between one and three years	265,968		264,766
Total	$	531,184	$	529,697