Company: CALX
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001406666-25-000035
Chunk: 44

Company: CALIX, INC
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 8
Chunk 44
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 and six months ended June 28, 2025 and June 29, 2024.Cash, cash equivalents and marketable securities consisted of the following (in thousands):June 28,2025December 31,2024Cash and cash equivalents:Cash$32,747 $20,664 Money market funds23,457 4,890 Commercial paper18,344 10,058 U.S. government securities1,990 7,550 Total cash and cash equivalents76,538 43,162 Marketable securities:Corporate debt securities123,467 123,701 U.S. government securities57,673 66,582 Commercial paper23,543 22,715 U.S. government agency securities13,890 24,411 Certificates of deposit3,857 16,520 Total marketable securities222,430 253,929 $298,968 $297,091 The carrying amounts of the Company’s money market funds approximate their fair values due to their nature, duration and short maturities. The amortized cost and fair value of marketable securities were as follows (in thousands):As of June 28, 2025Amortized CostUnrealized Gains (Losses), netFair ValueCorporate debt securities$123,099 $368 $123,467 U.S. government securities59,514 149 59,663 Commercial paper41,899 (12)41,887 U.S. government agency securities13,868 22 13,890 Certificates of deposit3,853 4 3,857 $242,233 $531 $242,764 

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Table of Contents

As of December 31, 2024Amortized CostUnrealized Gains, net Fair ValueCorporate debt securities$123,519 $182 $123,701 U.S. government securities74,118 14 74,132 Commercial paper32,766 7 32,773 U.S. government agency securities24,380 31 24,411 Certificates of deposit16,505 15 16,520 $271,288 $249 $271,537 

4. Fair Value Measurements

The Company measures its cash equivalents and marketable securities at fair value on a recurring basis. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer