Company: RPID
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001380106-25-000174
Chunk: 217

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 217
---
. Fair value of financial assets and liabilities

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values (in thousands):Fair value measurements as of June 30, 2025Level 1Level 2Level 3TotalAssets    Cash equivalents$15,371 $— $— $15,371 Short-term investments12,922 — — 12,922 $28,293 $— $— $28,293 

16

Fair value measurements as of December 31, 2024Level 1Level 2Level 3TotalAssetsCash equivalents$13,721 $— $— $13,721 Short-term investments33,821 — — 33,821 $47,542 $— $— $47,542 During the three and six months ended June 30, 2025 and 2024, there were no transfers in or out of Level 3.Valuation of short-term investments

U.S. Treasury bills and notes included in short-term investments were valued by the Company using quoted prices in active markets for identical securities, which represents a Level 1 measurement within the fair value hierarchy. 

4. Investments

Short-term investments by investment type consisted of the following (in thousands):June 30, 2025AmortizedcostGrossunrealizedgainsGrossunrealizedlossesFairvalueShort-term investmentsU.S. Government Treasury Notes$12,925 $— $(3)$12,922 $12,925 $— $(3)$12,922 December 31, 2024AmortizedcostGrossunrealizedgainsGrossunrealizedlossesFairvalueShort-term investmentsU.S. Government Treasury Notes33,783 38 — 33,821 $33,783 $38 $— $33,821 

5. Inventory

Inventory consisted of the following (in thousands):June 30,December 31,20252024Raw materials$10,763 $10,560 Work in process1,897 372 Finished goods7,900 9,268 Total$20,560 $20,200 

Raw materials, work in process and finished goods were net of adjustments to net realizable value of $