Company: DVAX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049536
Chunk: 274

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 274
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 measurement date. This approach results in the classification of these securities as Level 1 of the fair value hierarchy.U.S. treasuries, U.S. government agency securities and corporate debt securities are measured at fair value using Level 2 inputs. We review trading activity and pricing for these investments as of each measurement date. When sufficient quoted pricing for identical securities is not available, we use market pricing and other observable market inputs for similar securities obtained from various third-party data providers. These inputs represent quoted prices for similar assets in active markets or these inputs have been derived from observable market data. This approach results in the classification of these securities as Level 2 of the fair value hierarchy.

3. Cash and Cash Equivalents, Restricted Cash and Marketable Securities 

The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same amounts shown in the condensed consolidated statements of cash flows (in thousands): September 30,2025December 31,2024September 30,2024December 31,2023Cash and cash equivalents$160,247 $95,883 $119,332 $150,279 Restricted cash (1)305 271 280 277 Total cash and cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows$160,552 $96,154 $119,612 $150,556 (1)Restricted cash is included in "Other assets" in the Condensed Consolidated Balance Sheets.Restricted cash balances relate to certificates of deposit issued as collateral to certain letters of credit issued as security to our lease arrangements (see Note 5).

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Cash and cash equivalents, and marketable securities consist of the following (in thousands):AmortizedCostUnrealizedGainsUnrealizedLosses EstimatedFair ValueSeptember 30, 2025Cash and cash equivalents:Cash$17,864 $- $- $17,864 Money market funds142,383 - - 142,383 Total cash and cash equivalents160,247 - - 160,247 Marketable securities available-for-sale:     U.S. treasuries201,540 408 (13)201,935 U.S. government agency securities69,202 126 (11)69,317 Corporate debt securities216,105 241 (30)216,316 Total marketable securities available-for-sale