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Investments and Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract] |
Schedule of Components of Investments | The components of our investments as of December 31, 2023 and 2022 are as follows (in thousands):
| As of December 31, 2023
| Fair Value Measurement |  | Balance Sheet Classification
| Fair Value Level |  | Cost Basis |  | Unrealized Gains (Losses) |  | Fair Value |  | Cash and Cash Equivalents |  | Short-term Investments and Marketable Securities |  |
Cash | Level 1 |  | $ | — |  |  | $ | — |  |  | $ | 93,029 |  |  | $ | 93,029 |  |  | $ | — |  |  |
Money market fund | Level 1 |  | 56,322 |  |  | — |  |  | 56,322 |  |  | 56,322 |  |  | — |  |  |
U.S. Treasury bonds | Level 1 |  | 4,830 |  |  | (2) |  |  | 4,828 |  |  | — |  |  | 4,828 |  |  |
Agency bonds | Level 2 |  | 4,828 |  |  | (3) |  |  | 4,825 |  |  | — |  |  | 4,825 |  |  |
Total investments |  |  | $ | 65,980 |  |  | $ | (5) |  |  | $ | 159,004 |  |  | $ | 149,351 |  |  | $ | 9,653 |  |  |
As of 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) |  | Fair Value |  | Cash and Cash Equivalents |  | Short-Term Investments and Marketable Securities |  |
Cash | Level 1 |  | $ | — |  |  | $ | — |  |  | $ | 108,663 |  |  | $ | 108,663 |  |  | $ | — |  |  |
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) |  |  | $ | 195,995 |  |  | $ | 148,132 |  |  | $ | 47,863 |  |  |

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