Cash, Cash Equivalents and Marketable Securities |
3. Cash, Cash Equivalents and Marketable Securities The following tables summarize the estimated fair value of our cash, cash equivalents and marketable securities and the gross unrealized holding gains and losses (in thousands):
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August 2, 2025 |
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Amortized Cost |
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Gross Unrealized Holding Gains |
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Gross Unrealized Holding Losses |
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Estimated Fair Value |
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Cash and cash equivalents: |
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Cash |
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$ |
48,131 |
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$ |
— |
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$ |
— |
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$ |
48,131 |
|
Money market funds |
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|
5,896 |
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|
— |
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|
— |
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|
5,896 |
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U.S. treasury and government agency securities |
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|
8,847 |
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1 |
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|
|
— |
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|
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8,848 |
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Corporate debt securities |
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15,929 |
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|
— |
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— |
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15,929 |
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Total cash and cash equivalents |
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78,803 |
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1 |
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— |
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78,804 |
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Marketable securities: |
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U.S. treasury and government agency securities |
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13,343 |
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|
|
— |
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(1,887 |
) |
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|
11,456 |
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Corporate debt securities |
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2,997 |
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— |
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(39 |
) |
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2,958 |
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Certificate of deposits |
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13,522 |
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— |
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— |
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|
13,522 |
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Total marketable securities |
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$ |
29,862 |
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|
$ |
— |
|
|
$ |
(1,926 |
) |
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$ |
27,936 |
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February 1, 2025 |
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Amortized Cost |
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Gross Unrealized Holding Gains |
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Gross Unrealized Holding Losses |
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Estimated Fair Value |
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Cash and cash equivalents: |
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Cash |
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$ |
43,907 |
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$ |
— |
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$ |
— |
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$ |
43,907 |
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Money market funds |
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27,791 |
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— |
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— |
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27,791 |
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Treasury and agency securities |
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13,913 |
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2 |
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— |
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13,915 |
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Corporate debt securities |
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27,055 |
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— |
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— |
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27,055 |
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Total cash and cash equivalents |
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112,666 |
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2 |
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— |
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|
112,668 |
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Marketable securities: |
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U.S. treasury and government agency securities |
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14,729 |
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— |
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(2,642 |
) |
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|
12,087 |
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Corporate debt securities |
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|
6,499 |
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— |
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(88 |
) |
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|
6,411 |
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Certificates of deposit |
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|
16,392 |
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— |
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— |
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|
16,392 |
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Total marketable securities |
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$ |
37,620 |
|
|
$ |
— |
|
|
$ |
(2,730 |
) |
|
$ |
34,890 |
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All of our marketable securities have an effective maturity date or weighted average life of five years or less at the time of purchase and may be liquidated, at our discretion, prior to maturity. The following tables summarize the gross unrealized holding losses and fair value for investments in an unrealized loss position, and the length of time that individual securities have been in a continuous loss position (in thousands):
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August 2, 2025 |
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Less Than 12 Months |
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12 Months or Greater |
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Total |
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Fair Value |
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Unrealized Losses |
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Fair Value |
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Unrealized Losses |
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Fair Value |
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Unrealized Losses |
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Marketable securities: |
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U.S. treasury and government agency securities |
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$ |
139 |
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|
$ |
(6 |
) |
|
$ |
11,317 |
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|
$ |
(1,881 |
) |
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$ |
11,456 |
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|
$ |
(1,887 |
) |
Corporate debt securities |
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|
— |
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|
|
— |
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|
1,959 |
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(39 |
) |
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|
1,959 |
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|
|
(39 |
) |
Total marketable securities |
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$ |
139 |
|
|
$ |
(6 |
) |
|
$ |
13,276 |
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|
$ |
(1,920 |
) |
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$ |
13,415 |
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$ |
(1,926 |
) |
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February 1, 2025 |
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Less Than 12 Months |
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12 Months or Greater |
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Total |
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Fair Value |
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Unrealized Losses |
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Fair Value |
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Unrealized Losses |
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Fair Value |
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Unrealized Losses |
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Marketable securities: |
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U.S. treasury and government agency securities |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
12,088 |
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|
$ |
(2,642 |
) |
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$ |
12,088 |
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|
$ |
(2,642 |
) |
Corporate debt securities |
|
|
— |
|
|
|
— |
|
|
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5,410 |
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|
|
(88 |
) |
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|
5,410 |
|
|
|
(88 |
) |
Total marketable securities |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
17,498 |
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$ |
(2,730 |
) |
|
$ |
17,498 |
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|
$ |
(2,730 |
) |
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