We have investments in debt securities intended to enhance returns on our cash as well as to fund future obligations. Our short-term investments consist of U.S. Treasury bills, with maturities of less than one year, and total $60.0 million at June 30, 2025. Our long-term investments consist of U.S. Treasury notes, with maturities ranging between one and two years, and total $60.0 million at June 30, 2025. During fiscal 2025, we had $94.1 million of U.S. Treasuries that matured, which were subsequently reinvested for $85.2 million. All unrealized gains and losses are included in Accumulated other comprehensive loss within our consolidated balance sheets.

Our debt securities are presented below in accordance with their stated maturities: