Company: SUPN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001356576-25-000071
Chunk: 127

Company: SUPERNUS PHARMACEUTICALS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 127
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 on unadjusted quoted prices in active markets that are accessible at measurement date for identical assets. •Level 2—Valuations based on quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active and model-based valuations in which all significant inputs are observable in the market, either directly or indirectly (e.g., interest rates; yield curves). •Level 3—Valuations using significant inputs that are unobservable in the market and inputs that reflect the Company's own assumptions. These are based on the best information available, including the Company's own data. Financial Assets and Liabilities Recorded at Fair ValueThe Company's financial assets and liabilities that are required to be measured at fair value on a recurring basis are as follows (dollars in thousands):Fair Value Measurements as of September 30, 2025 (unaudited) TotalLevel 1 Level 2Level 3Assets:Cash and cash equivalentsCash$56,614 $56,614 $— $— Money market funds94,757 94,757 — — Marketable securitiesCorporate debt securities109,947 — 109,947 — Municipal debt securities5,712 —5,712 —U.S government agency securities14,130 —14,130 —Other noncurrent assetsMarketable securities - restricted (SERP)692 25 667 — Restricted cash1,450 1,450 — — Total assets at fair value$283,302 $152,846 $130,456 $— Liabilities:Contingent consideration$11,448 $— $— $11,448 Total liabilities at fair value$11,448 $— $— $11,448 

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Fair Value Measurements as of December 31, 2024TotalLevel 1 Level 2Level 3Assets:Cash and cash equivalentsCash$37,830 $37,830 $— $— Money market funds31,501 31,501 — — Marketable securitiesCorporate debt securities355,201 — 355,201 — U.S. government agency debt securities29,080 —29,080 —Other noncurrent assetsMarketable securities - restricted (SERP)635 21 614 — Total assets at fair value$454,247