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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Summary of Marketable Securities | The following tables set forth marketable securities as of June 30, 2024 and December 31, 2023 (in thousands):
|  | As of June 30, 2024 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Total |
U.S. Treasury notes |  |  | 95,278 |  |  |  | — |  |  |  | (57 | ) |  |  | 95,221 |
Total |  | $ | 95,278 |  |  | $ | — |  |  | $ | (57 | ) |  | $ | 95,221 |
|  | As of December 31, 2023 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Total |
U.S. Treasury notes |  |  | 29,622 |  |  |  | 11 |  |  |  | — |  |  |  | 29,633 |
Total |  | $ | 29,622 |  |  | $ | 11 |  |  | $ | — |  |  | $ | 29,633 |
Summary of Fair Value of Financial Assets Measured at Fair Value on Recurring Basis | The following tables set forth the fair value of the Company’s financial assets measured at fair value on a recurring basis and indicate the level within the fair value hierarchy utilized to determine such values as of June 30, 2024 and December 31, 2023 (in thousands):
|  | As of June 30, 2024 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash Equivalents: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury-backed money market funds |  | $ | 63,116 |  |  | $ | 63,116 |  |  | $ | — |  |  | $ | — |
U.S. Treasury notes |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Marketable Securities: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury notes |  |  | 95,221 |  |  |  | 95,221 |  |  |  | — |  |  |  | — |
Total |  | $ | 158,337 |  |  | $ | 158,337 |  |  | $ | — |  |  | $ | — |
|  | As of December 31, 2023 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Cash Equivalents: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury-backed money market funds |  | $ | 64,397 |  |  | $ | 64,397 |  |  | $ | — |  |  | $ | — |
U.S. Treasury notes |  |  | 11,980 |  |  |  | 11,980 |  |  |  | — |  |  |  | — |
Marketable Securities: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury notes |  |  | 29,633 |  |  |  | 29,633 |  |  |  | — |  |  |  | — |
Total |  | $ | 106,010 |  |  | $ | 106,010 |  |  | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
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