Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on a Recurring Basis
The following table represents the fair value hierarchy for the Company’s financial assets and liabilities held by value on a recurring basis (in thousands):
March 31, 2022
Level 1 Level 2 Level 3 Total
Assets:
Money market funds $ 58,121  $ —  $ —  $ 58,121 
Total cash equivalents 58,121  —  —  58,121 
Commercial paper —  76,286  —  76,286 
Asset-backed securities —  46,202  —  46,202 
Corporate debt securities —  89,503  —  89,503 
U.S. treasury bonds —  60,794  —  60,794 
Total short-term investments —  272,785  —  272,785 
     Total cash equivalents and short-term investments $ 58,121  $ 272,785  $ —  $ 330,906 
December 31, 2021
Level 1 Level 2 Level 3 Total
Assets:
Money market funds $ 98,333  $ —  $ —  $ 98,333 
Total cash equivalents 98,333  —  —  98,333 
Commercial paper —  78,448  —  78,448 
Asset-backed securities —  51,587  —  51,587 
Corporate debt securities —  85,084  —  85,084 
U.S. treasury bonds —  26,292  —  26,292 
Total short-term investments —  241,411  —  241,411 
Total cash equivalents and short-term investments $ 98,333  $ 241,411  $ —  $ 339,744