Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.24.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured on Recurring Basis
The following table summarizes the assets measured at fair value on a recurring basis by level within the fair value hierarchy as of September 30, 2024 (in thousands):
Level 1 Level 2 Level 3 Total
Cash equivalents
Money market funds $ 36,874  $ —  $ —  $ 36,874 
Short-term investments
US government and agency securities 33,418  —  33,418 
Commercial paper —  13,637  —  13,637 
Total $ 70,292  $ 13,637  $ —  $ 83,929 
The following table summarizes the assets measured at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2023 (in thousands):
Level 1 Level 2 Level 3 Total
Cash equivalents
Money market funds $ 35,375  $ —  $ —  $ 35,375 
Commercial paper —  —  —  — 
Short-term investments
US government and agency securities 25,083  11,526  —  36,609 
Commercial paper —  21,479  —  21,479 
Total $ 60,458  $ 33,005  $ —  $ 93,463 
Schedule of Debt Securities, Available-for-Sale
The following tables summarize the Company's short-term investments on the consolidated balance sheets as of September 30, 2024 and December 31, 2023 (in thousands):
September 30, 2024
Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value
Short-term investments
US government and agency securities $ 33,376  $ 42  $ —  $ 33,418 
Commercial paper 13,618  20  (1) 13,637 
Total $ 46,994  $ 62  $ (1) $ 47,055 
December 31, 2023
Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value
Short-term investments
US government and agency securities $ 36,568  $ 48  $ (7) $ 36,609 
Commercial paper 21,477  11  (9) 21,479 
Total $ 58,045  $ 59  $ (16) $ 58,088 
Schedule of Cash and Cash Equivalents
The following tables summarize the Company’s cash and cash equivalents on the consolidated balance sheets as of September 30, 2024 and December 31, 2023 (in thousands):
September 30, 2024
Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value
Cash $ 14,229  $ —  $ —  $ 14,229 
Cash equivalents
Money market funds 36,874  —  —  36,874 
Total $ 51,103  $ —  $ —  $ 51,103 
December 31, 2023
Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value
Cash $ 15,381  $ —  $ —  $ 15,381 
Cash equivalents
Money market funds 35,375  —  —  35,375 
Total $ 50,756  $ —  $ —  $ 50,756