The following table summarizes the financial assets (cash, cash equivalents, restricted cash and investments) measured at fair value on a recurring basis:


	March 31, 2024
(in thousands)	Level 1		Level 2		Level 3		Total
Financial assets:
Cash, cash equivalents and restricted cash	$	64,459	$	—	$	—	$	64,459

Corporate bonds	—		23,745		—		23,745
Commercial paper	—		38,243		—		38,243
Treasury bills	—		134,974		—		134,974
Treasury bonds	—		58,690		—		58,690

Total financial assets	$	64,459	$	255,652	$	—	$	320,111


	December 31, 2023
(in thousands)	Level 1		Level 2		Level 3		Total
Financial assets:
Cash, cash equivalents and restricted cash	$	48,875	$	—	$	—	$	48,875

Corporate bonds	—		33,781		—		33,781
Commercial paper	—		39,304		—		39,304
Treasury bills	—		122,806		—		122,806
Treasury bonds	—		105,924		—		105,924

Total financial assets	$	48,875	$	301,815	$	—	$	350,690