Company: DNLI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001714899-25-000105
Chunk: 399

Company: Denali Therapeutics Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 399
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 $— $1,143,472 The Company’s Level 2 securities are valued using third-party pricing sources. The pricing services utilize industry standard valuation models, including both income and market-based approaches, for which all significant inputs are observable, either directly or indirectly.The Company has not transferred any assets or liabilities between the fair value measurement levels for the three months ended March 31, 2025 or for the year ended December 31, 2024.

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3.    Marketable Securities

All marketable securities were considered available-for-sale at March 31, 2025 and December 31, 2024. On a recurring basis, the Company records its marketable securities at fair value using Level 1 or Level 2 inputs as discussed in Note 2, "Fair Value Measurements". The amortized cost, gross unrealized holding gains or losses, and fair value of the Company’s marketable securities by major security type at each balance sheet date are summarized in the tables below (in thousands):March 31, 2025Amortized CostUnrealized Holding GainsUnrealized Holding LossesAggregate Fair ValueShort-term marketable securities:U.S. government treasuries$719,287 $1,802 $(24)$721,065 Corporate debt securities39,766 148 — 39,914 Total short-term marketable securities759,053 1,950 (24)760,979 Long-term marketable securities:U.S. government treasuries216,057 413 (11)216,459 Corporate debt securities19,324 61 — 19,385 Total long-term marketable securities235,381 474 (11)235,844 Total$994,434 $2,424 $(35)$996,823 December 31, 2024Amortized CostUnrealized Holding GainsUnrealized Holding LossesAggregate Fair ValueShort-term marketable securities:U.S. government treasuries$627,809 $1,618 $(27)$629,400 Corporate debt securities21,337 62 — 21,399 Commercial paper6,572 — — 6,572 Total short-term marketable securities655,718 1680 (27)657,371 Long-term marketable securities:U.S. government treasuries334,300 788 (196)334,892