Company: PACB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001299130-25-000168
Chunk: 14

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 makers. Where appropriate, our non-performance risk, or that of our counterparty, is considered in determining the fair values of liabilities and assets, respectively.We classify our cash deposits and money market funds within Level 1 of the fair value hierarchy because they are valued using bank balances or quoted market prices. We classify our investments as Level 2 instruments based on market pricing and other observable inputs. We did not classify any of our investments within Level 3 of the fair value hierarchy.Assets and liabilities measured at fair value are classified in their entirety based on the lowest level input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the entire fair value measurement requires management to make judgments and consider factors specific to the asset or liability. The carrying amount of our accounts receivable, prepaid expenses, other current assets, accounts payable, accrued expenses and other liabilities, current, approximate fair value due to their short maturities.

Q3 Fiscal 2025 Form 10-Q9

Assets and Liabilities Measured at Fair Value on a Recurring BasisThe following table sets forth the fair value of our financial assets and liabilities that were measured on a recurring basis: September 30, 2025December 31, 2024(In thousands)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalAssetsCash and cash equivalents $52,483 $3,984 $— $56,467 $55,370 $— $— $55,370 Investments:Corporate debt securities — 23,420 — 23,420 — 46,905 — 46,905 U.S. government & agency securities— 218,767 — 218,767 — 287,656 — 287,656 Total investments — 242,187 — 242,187 — 334,561 — 334,561 Short-term restricted cash300 — — 300 690 — — 690 Long-term restricted cash1,532 — — 1,532 1,532 — — 1,532 Total assets measured at fair value $54,315 $246,171 $— $300,486 $57,592 $334,561 $— $392,153 LiabilitiesContingent consideration$— $— $— $— $—