Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.2.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis

The following tables set forth the financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy as of September 30, 2022 and December 31, 2021 (in thousands):

 

 

September 30, 2022

 

 

 

Total Fair
Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

 

$

49,411

 

 

$

49,411

 

 

$

 

 

$

 

Commercial paper (1)

 

 

6,980

 

 

 

 

 

 

6,980

 

 

 

 

Total cash equivalents

 

 

56,391

 

 

 

49,411

 

 

 

6,980

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

 

103,501

 

 

 

103,501

 

 

 

 

 

 

 

Commercial paper

 

 

114,660

 

 

 

 

 

 

114,660

 

 

 

 

U.S. agency securities(2)

 

 

30,536

 

 

 

 

 

 

30,536

 

 

 

 

Total marketable securities

 

 

248,697

 

 

 

103,501

 

 

 

145,196

 

 

 

 

Total financial assets

 

$

305,088

 

 

$

152,912

 

 

$

152,176

 

 

$

 

 

 

 

December 31, 2021

 

 

 

Total Fair
Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

 

$

376,976

 

 

$

376,976

 

 

$

 

 

$

 

(1)
Included within cash and cash equivalents on the condensed balance sheet.
(2)
Included within investments in marketable securities, current and investments in marketable securities, non-current on the condensed balance sheet.