Company: CORT
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001628280-25-037005
Chunk: 8

Company: CORCEPT THERAPEUTICS INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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Other6,884 4,044 Total accrued and other liabilities$91,073 $90,700 

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3. Available-for-Sale Marketable Securities and Fair Value Measurements

The available-for-sale securities in our condensed consolidated balance sheets are as follows:June 30,2025December 31,2024(in thousands)Cash equivalents$72,303 $98,436 Short-term marketable securities239,481 255,669 Long-term marketable securities172,775 219,831 Total marketable securities$484,559 $573,936 The following table presents our available-for-sale securities grouped by asset type: Fair ValueHierarchyLevelJune 30, 2025December 31, 2024Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueAmortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value  (in thousands)Corporate bondsLevel 2$324,928 $637 $(124)$325,441 $373,440 $333 $(529)$373,244 Commercial paperLevel 26,903 1 (2)6,902 9,771 6 (2)9,775 U.S. government agency securitiesLevel 234,990 5 (25)34,970 7,999 — (2)7,997 U.S. Treasury securitiesLevel 144,944 5 (6)44,943 84,458 27 (1)84,484 Money market fundsLevel 172,303 — — 72,303 98,436 — — 98,436 Total marketable securities$484,068 $648 $(157)$484,559 $574,104 $366 $(534)$573,936 We estimate the fair value of marketable securities classified as Level 1 using quoted market prices obtained from a commercial pricing service for these or identical investments. We estimate the fair value of marketable securities classified as Level 2 using inputs that may include benchmark yields, reported trades, broker/dealer quotes and issuer spreads.We periodically review our debt securities to determine if any of our investments is impaired due to the issuer’s poor credit or other reasons. If the fair value of our investment is less than our amortized cost, we evaluate quantitative and subjective factors – including, but not limited to, the nature