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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2023
Fair Value Disclosures [Abstract] |
Summary of Cash Equivalents and Available-for-sale Securities Carrying Amounts and Fair Values | The Company’s financial assets consist of money market funds, U.S. government debt securities and corporate debt securities. The following tables show the Company’s cash equivalents and available-for-sale securities’ carrying amounts and fair values as of June 30, 2023, and December 31, 2022:
|  | As of June 30, 2023 |
|  | Carrying Amount |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |  |  | Quoted priced in active markets (Level 1) |  |  | Significant other observable inputs (Level 2) |  |  | Significant unobservable inputs (Level 3) |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 64,692 |  |  | $ | — |  |  | $ | — |  |  | $ | 64,692 |  |  | $ | 64,692 |  |  | $ | — |  |  | $ | — |
Corporate securities |  |  | 76,079 |  |  |  | — |  |  |  | (149 | ) |  |  | 75,930 |  |  |  | — |  |  |  | 75,930 |  |  |  | — |
Government securities |  |  | 74,884 |  |  |  | — |  |  |  | (179 | ) |  |  | 74,705 |  |  |  | 64,738 |  |  |  | 9,967 |  |  |  | — |
Total financial assets |  | $ | 215,655 |  |  | $ | — |  |  | $ | (328 | ) |  | $ | 215,327 |  |  | $ | 129,430 |  |  | $ | 85,897 |  |  | $ | — |
|  | As of December 31, 2022 |
|  | Carrying Amount |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |  |  | Quoted Priced in Active Markets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 106,861 |  |  | $ | — |  |  | $ | — |  |  | $ | 106,861 |  |  | $ | 106,861 |  |  | $ | — |  |  | $ | — |
Corporate securities |  |  | 103,755 |  |  |  | 21 |  |  |  | (185 | ) |  |  | 103,591 |  |  |  | — |  |  |  | 103,591 |  |  |  | — |
Government securities |  |  | 31,942 |  |  |  | — |  |  |  | (281 | ) |  |  | 31,661 |  |  |  | 20,981 |  |  |  | 10,680 |  |  |  | — |
Total financial assets |  | $ | 242,558 |  |  | $ | 21 |  |  | $ | (466 | ) |  | $ | 242,113 |  |  | $ | 127,842 |  |  | $ | 114,271 |  |  | $ | — |

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- Definition Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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