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


	September 30, 2024
(in thousands)	Level 1		Level 2		Level 3		Total
Financial assets:
Cash, cash equivalents, and restricted cash	$	37,142	$	—	$	—	$	37,142

Corporate bonds	—		601		—		601
Commercial paper	—		2,028		—		2,028
Treasury bills	—		196,471		—		196,471
Treasury bonds	—		112,505		—		112,505

Total financial assets	$	37,142	$	311,605	$	—	$	348,747


	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