Company: DNLI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001714899-25-000193
Chunk: 411

Company: Denali Therapeutics Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 411
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 applied prospectively for annual periods beginning after December 15, 2024, with early adoption permitted. The Company has not early adopted this update, and is currently evaluating the impact of the new standard on its income tax disclosures.

10

In November 2024, the FASB issued Accounting Standards Update No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which is intended to improve the disclosures of expenses by providing more detailed information about the types of expenses in commonly presented expense captions. The amendments in this update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The amendments can be applied either prospectively or retrospectively. The Company has not early adopted this update, and is currently evaluating the impact of this new standard on its consolidated financial statements and related disclosures. 

2.    Fair Value Measurements

Assets and liabilities measured at fair value at each balance sheet date are as follows (in thousands):September 30, 2025Level 1Level 2Level 3TotalAssets:Cash equivalents:Money market funds$25,645 $— $— $25,645 Short-term marketable securities:U.S. government treasuries721,058 — — 721,058 Corporate debt securities— 36,183 — 36,183 Long-term marketable securities:Corporate debt securities— 24,703 — 24,703 Total$746,703 $60,886 $— $807,589 December 31, 2024Level 1Level 2Level 3TotalAssets:Cash equivalents:Money market funds$126,728 $— $— $126,728 Short-term marketable securities:U.S. government treasuries629,400 — — 629,400 Corporate debt securities— 21,399 — 21,399 Commercial paper— 6,572 — 6,572 Long-term marketable securities:U.S. government treasuries334,892 — — 334,892 Corporate debt securities— 24,481 — 24,481 Total$1,091,020 $52,452 $— $1,143,472 The