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Investments and Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule of Components of Investments

The components of our investments as of March 31, 2023 are as follows (in thousands):

			As of March 31, 2023
			Fair Value Measurement																								Balance Sheet Classification
			Fair Value Level						Cost Basis						Unrealized Gains (Losses)						Market Value						Cash and Cash Equivalents						Short-term Investments and Marketable Securities
Money market fund			Level 1						$	94,081					$	—					$	94,081					$	94,081					$	—
U.S. Treasury bonds			Level 1						12,149						25						12,174						—						12,174
Commercial paper			Level 2						38,708						—						38,708						—						38,708
Corporate bonds			Level 2						2,490						(1)						2,489						—						2,489
Agency bonds			Level 2						2,432						—						2,432						—						2,432
Total investments									$	149,860					$	24					$	149,884					$	94,081					$	55,803

At December 31, 2022, our investments consisted of the following (in thousands):

			As of December 31, 2022
			Fair Value Measurement																								Balance Sheet Classification
			Fair Value Level						Cost Basis						Unrealized Gains (Losses)						Market Value						Cash and Cash Equivalents						Short-term Investments and Marketable Securities
Money market fund			Level 1						$	39,469					$	—					$	39,469					$	39,469					$	—
U.S. Treasury bonds			Level 1						9,396						(13)						9,383						—						9,383
Commercial paper			Level 2						26,704						—						26,704						—						26,704
Corporate bonds			Level 2						9,353						(12)						9,341						—						9,341
Agency bonds			Level 2						2,432						3						2,435						—						2,435
Total investments									$	87,354					$	(22)					$	87,332					$	39,469					$	47,863

Schedule of Amortized Cost Basis and Fair Value of Debt Securities by Contractual Maturity

The amortized cost basis and fair value of debt securities as of March 31, 2023, by contractual maturity, are as follows (in thousands):

			As of March 31, 2023
			Cost Basis						Fair Value
Due in one year or less			$	149,860					$	149,884
Total investments			$	149,860					$	149,884

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI https://asc.fasb.org/topic&trid=2196928

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- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

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