Company: PGEN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001356090-25-000034
Chunk: 91

Company: PRECIGEN, INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 ValueU.S. government debt securities$67,464 $15 $(5)$67,474 Certificates of deposit848 3 — 851 Corporate bonds69 — (1)68 Total$68,381 $18 $(6)$68,393 The estimated fair value of available-for-sale investments classified by their contractual maturities as of December 31, 2024 was:Due within one year$68,393 After one year through two years— Total$68,393 

19

In addition, at September 30, 2025 and December 31, 2024, the Company held U.S. government debt securities valued at $9,389 and $24,169, respectively, which were included in cash and cash equivalents in the condensed consolidated balance sheets as these investments had an original maturity of less than three months when purchased.

Changes in market interest rates and bond yields cause certain investments to fall below their cost basis, resulting in unrealized losses on investments. 

5. Fair Value Measurements and Warrant Liabilities

The carrying amount of cash and cash equivalents, receivables, accounts payable, accrued compensation and benefits, and other accrued liabilities approximate fair value due to the short maturity of these instruments.The following table presents the placement in the fair value hierarchy of financial assets that are measured at fair value on a recurring basis as of September 30, 2025:Quoted Prices in Active Markets(Level 1)Significant Other Observable Inputs(Level 2)Significant Unobservable Inputs(Level 3)September 30,2025AssetsU.S. government debt securities$— $105,986 $— $105,986 Certificates of deposit— 2,774 — 2,774 Corporate bonds— 561 — 561 Total$— $109,321 $— $109,321 The following table presents the placement in the fair value hierarchy of financial assets that are measured at fair value on a recurring basis as of December 31, 2024:Quoted Prices in Active Markets(Level 1)Significant Other Observable Inputs(Level 2)Significant Unobservable Inputs(Level 3)December 31,2024AssetsU.S. government debt securities$— $67,474 $— $67,474 Certificates of deposit— 851 — 851 Corporate bonds— 68 — 68 Total$— $68,