Company: LENZ
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001815776-25-000071
Chunk: 294

Company: LENZ Therapeutics, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 294
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 instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value of the instrument. The carrying amounts of the Company’s financial instruments, including cash equivalents classified within the Level 1 designation, prepaid and other current assets, accounts payable, and accrued liabilities approximate fair value due to their short maturities. Cash equivalents, marketable securities, and the preferred stock warrants liability are recorded at fair value on a recurring basis. Equity investments without a readily determinable fair value are recorded at cost and adjusted to fair value based on observable price changes in orderly transactions for identical or similar investment of the same issuer.None of the Company’s non-financial assets or liabilities are recorded at fair value on a non-recurring basis. 

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Assets and liabilities measured at fair value on a recurring basis are as follows (in thousands):Fair Value Measurements at Reporting DateTotalLevel 1Level 2Level 3At September 30, 2025:Cash equivalentsMoney market funds$24,735 $24,735 $— $— Total cash equivalents measured at fair value$24,735 $24,735 $— $— Marketable securitiesCorporate debt securities$57,463 $— $57,463 $— U.S. treasury securities49,772 49,772 — — Commercial paper46,733 — 46,733 — U.S. government agency securities12,967 — 12,967 — Asset-backed securities9,838 — 9,838 — Total marketable securities measured at fair value$176,773 $49,772 $127,001 $— At December 31, 2024:Cash equivalentsMoney market funds$17,693 $17,693 $— $— U.S. government securities999 — 999 — U.S. treasury securities997 997 — — Total cash equivalents measured at fair value$19,689 $18,690 $999 $— Marketable securitiesCommercial paper$58,823 $— $58,823 $— U.S. treasury securities46,309 46,309 — — Corporate debt securities43,669 — 43,669 — U.S. government agency securities40,071 — 40,071 — Total marketable securities measured at fair