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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

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 September 30, 2024, and December 31, 2023:

		As of September 30, 2024
		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		$	48,709			$	—			$	—			$	48,709			$	48,709			$	—			$	—
Corporate securities			36,335				64				—				36,399				3,130				33,269				—
Government securities			112,391				337				—				112,728				69,172				43,556				—
Total financial assets		$	197,435			$	401			$	—			$	197,836			$	121,011			$	76,825			$	—

		As of December 31, 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		$	37,694			$	—			$	—			$	37,694			$	37,694			$	—			$	—
Corporate securities			69,995				48				—				70,043				5,577				64,466				—
Government securities			120,670				143				—				120,813				92,297				28,516				—
Total financial assets		$	228,359			$	191			$	—			$	228,550			$	135,568			$	92,982			$	—

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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://www.xbrl.org/2003/role/disclosureRef
-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/2003/role/disclosureRef
-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

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
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