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Cash and Cash Equivalents and Marketable Securities (Tables)
 6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of Cash and Cash Equivalents and Marketable Securities

As of June 30, 2023 and December 31, 2022, cash and cash equivalents and marketable securities were comprised of the following:

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

As of June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 Cash

 

$

48,254

 

 

$

—

 

 

$

—

 

 

$

48,254

 

 Money market funds

 

 

67,290

 

 

 

—

 

 

 

—

 

 

 

67,290

 

 Total cash and cash equivalents:

 

$

115,544

 

 

$

—

 

 

$

—

 

 

$

115,544

 

 Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury and government-sponsored enterprises

 

$

74,552

 

 

$

2

 

 

$

(159

)

 

$

74,395

 

 Commercial paper

 

 

91,020

 

 

 

4

 

 

 

(271

)

 

 

90,753

 

 Total marketable securities

 

$

165,572

 

 

$

6

 

 

$

(430

)

 

$

165,148

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 Cash

 

$

116,526

 

 

$

—

 

 

$

—

 

 

$

116,526

 

 Money market funds

 

 

42,995

 

 

 

—

 

 

 

—

 

 

 

42,995

 

 Total cash and cash equivalents:

 

$

159,521

 

 

$

—

 

 

$

—

 

 

$

159,521

 

 Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury and government-sponsored enterprises

 

$

184,848

 

 

$

5

 

 

$

(433

)

 

$

184,420

 

 Total marketable securities

 

$

184,848

 

 

$

5

 

 

$

(433

)

 

$

184,420