Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Financial Assets Measured at Fair Value on Recurring Basis by Level within Fair Value Hierarchy

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):


				September 30, 2022
		Valuation Hierarchy		Amortized Costs				Gross Unrealized Holding Gains				Gross Unrealized Holding Losses				Aggregate Fair Value
Assets:
Cash equivalents:
Money market funds		Level 1		$	30,120			$	—			$	—			$	30,120
Short-term investments:
U.S. Treasury securities		Level 1			92,588				2				(607	)			91,983
Corporate debt		Level 2			39,892				—				(329	)			39,563
Commercial paper		Level 2			32,094				—				—				32,094
Total cash equivalents and short-term investments				$	194,694			$	2			$	(936	)		$	193,760


				December 31, 2021
		Valuation Hierarchy		Amortized Costs				Gross Unrealized Holding Gains				Gross Unrealized Holding Losses				Aggregate Fair Value
Assets:
Cash equivalents:
Money market funds		Level 1		$	60,844			$	—			$	—			$	60,844
Short-term investments:
U.S. Treasury securities		Level 1			18,064				—				(60	)			18,004
Corporate debt		Level 2			124,178				2				(125	)			124,055
Commercial paper		Level 2			15,081				—				—				15,081
Total cash equivalents and short-term investments				$	218,167			$	2			$	(185	)		$	217,984