| Cash, Cash Equivalents, and Marketable Securities |
Cash, cash equivalents, and marketable securities consisted of the following (in thousands):
| |
|
June 30, 2025
|
|
|
March 31, 2025
|
|
|
Cash and cash equivalents
|
|
|
|
|
|
|
|
Cash
|
|
$
|
94,787 |
|
|
$
|
93,954 |
|
|
Money market funds
|
|
|
1,143,672 |
|
|
|
2,621,457 |
|
|
Total cash and cash equivalents
|
|
$
|
1,238,459 |
|
|
$
|
2,715,411 |
|
|
Marketable securities
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities, available-for-sale
|
|
$
|
1,803,035 |
|
|
$
|
— |
|
|
U.S. Treasury securities, held-to-maturity
|
|
|
1,461,657 |
|
|
|
2,171,480 |
|
|
Total marketable securities
|
|
$
|
3,264,692 |
|
|
$
|
2,171,480 |
|
| |
|
|
|
|
|
|
|
|
|
Total cash, cash equivalents, and marketable securities
|
|
$
|
4,503,151 |
|
|
$
|
4,886,891 |
|
|
| Unrealized Positions for Marketable Securities |
The following table summarizes the unrealized positions for the Company’s marketable securities (in thousands):
| |
|
As of June 30, 2025
|
|
| |
|
Amortized Cost
|
|
|
Gross Unrealized
Gains
|
|
|
Gross Unrealized
Losses
|
|
|
Fair Value
|
|
|
U.S. Treasury securities, available-for-sale
|
|
$
|
1,802,565 |
|
|
$
|
654 |
|
|
$
|
(184 |
)
|
|
$
|
1,803,035 |
|
|
U.S. Treasury securities, held-to-maturity
|
|
|
1,461,657 |
|
|
|
211 |
|
|
|
(603 |
)
|
|
|
1,461,265 |
|
|
Total marketable securities
|
|
$
|
3,264,222 |
|
|
$
|
865 |
|
|
$
|
(787 |
)
|
|
$
|
3,264,300 |
|
|