Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Summary of Financial Assets Fair Value Measurement on Recurring Basis

The following table presents the Company’s financial assets, which consist of cash equivalents and investments classified as available-for-sale investments, that are measured at fair value on a recurring basis (in thousands):

	March 31, 2024
	Level	Amortized Cost		Unrealized Gain		Unrealized Loss			Estimated Fair Value
Cash equivalents:
Money market funds	Level 1	$	13,381	$	—	$	—		$	13,381
Short-term investments:
U.S. Treasury securities	Level 1		31,128		20		(3	)		31,145
Commercial paper	Level 2		30,505		14		(1	)		30,518
U.S. Government agency securities	Level 2		14,010		18		(2	)		14,026
Asset-backed securities	Level 2		8,879		1		(1	)		8,879
Corporate debt securities	Level 2		4,948		1		—			4,949
Long-term investments:
U.S. Treasury securities	Level 1		3,898		6		—			3,904
Total		$	106,749	$	60	$	(7	)	$	106,802

	December 31, 2023
	Level	Amortized Cost		Unrealized Gain		Unrealized Loss			Estimated Fair Value
Cash equivalents:
Money market funds	Level 1	$	4,478	$	—	$	—		$	4,478
Short-term investments:
U.S. Treasury securities	Level 1		15,649		31		—			15,680
U.S. Treasury securities	Level 2		1,247		—		(1	)		1,246
Commercial paper	Level 2		41,472		47		(2	)		41,517
U.S. Government agency securities	Level 2		19,479		30		(5	)		19,504
Asset-backed securities	Level 2		8,770		12		(3	)		8,779
Corporate debt securities	Level 2		4,914		8		—			4,922
Long-term investments:
U.S. Treasury securities	Level 1		23,542		131		—			23,673
U.S. Government agency securities	Level 2		3,494		28		(1	)		3,521
Total		$	123,045	$	287	$	(12	)	$	123,320