v3.23.3
Fair value measurements (Tables)
 9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table sets forth the Company’s assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2023 and December 31, 2022 (in thousands):
Description
Total
Quoted
prices in
active
markets
(Level 1)
Significant
other
observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3)
September 30, 2023
Assets:
Cash and cash equivalents$165,347 $165,347 $— $— 
Marketable securities:
U.S. government agency securities and treasuries8,946 — 8,946 — 
Total$174,293 $165,347 $8,946 $— 
December 31, 2022
Assets:
Cash and cash equivalents$113,006 $113,006 $— $— 
Marketable securities:
U.S. government agency securities and treasuries66,237 — 66,237 — 
Corporate bonds2,498 — 2,498 — 
Total$181,741 $113,006 $68,735 $— 
Summary of Available-for-sale Debt Securities in Continuous Unrealized Loss Position The following table summarizes available-for-sale debt securities in a continuous unrealized loss position for less than and greater than twelve months, and for which an allowance for credit losses has not been recorded at September 30, 2023 and December 31, 2022 (in thousands):
Less than 12 months12 months or greaterTotal
DescriptionFair valueUnrealized lossesFair valueUnrealized lossesFair valueUnrealized losses
September 30, 2023
U.S. government agency securities
   and treasuries		$8,946 $(3)$— $— $8,946 $(3)
Total$8,946 $(3)$— $— $8,946 $(3)
December 31, 2022
U.S. government agency securities
   and treasuries		$— $— $66,237 $(1,733)$66,237 $(1,733)
Corporate bonds— — 2,498 (26)2,498 (26)
Total$— $— $68,735 $(1,759)$68,735 $(1,759)