| Schedule of Cash and Cash Equivalents and Restricted Cash and Cash Equivalents |
The following provides a reconciliation of cash and restricted cash as presented on our condensed consolidated statements of cash flows as of the respective periods:
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May 31, |
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($ in thousands) |
|
2026 |
|
|
2025 |
|
Cash and cash equivalents |
|
$ |
155,020 |
|
|
$ |
203,497 |
|
Restricted cash and cash equivalents |
|
|
2,973 |
|
|
|
39,928 |
|
Total cash and restricted cash |
|
$ |
157,993 |
|
|
$ |
243,425 |
|
|
| Schedule of Fair Value Measurements |
The following summarizes our cash and cash equivalents, restricted cash and cash equivalents and marketable securities by financial instrument category as of the respective periods:
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May 31, 2026 |
|
($ in thousands) |
|
Amortized
Cost |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
|
Cash and Cash
Equivalents(1) |
|
|
Current
Marketable
Securities |
|
|
Noncurrent
Marketable
Securities |
|
Cash |
|
$ |
42,005 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
42,005 |
|
|
$ |
42,005 |
|
|
$ |
— |
|
|
$ |
— |
|
Level 1: |
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|
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|
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|
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|
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|
|
|
|
|
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Money market funds |
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|
77,144 |
|
|
|
— |
|
|
|
— |
|
|
|
77,144 |
|
|
|
77,144 |
|
|
|
— |
|
|
|
— |
|
U.S. Treasury securities |
|
|
24,207 |
|
|
|
— |
|
|
|
(1 |
) |
|
|
24,206 |
|
|
|
7,981 |
|
|
|
16,225 |
|
|
|
— |
|
Level 2: |
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|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
U.S. agency securities |
|
|
18,498 |
|
|
|
— |
|
|
|
(11 |
) |
|
|
18,487 |
|
|
|
— |
|
|
|
— |
|
|
|
18,487 |
|
Commercial paper |
|
|
85,784 |
|
|
|
— |
|
|
|
(1 |
) |
|
|
85,783 |
|
|
|
30,863 |
|
|
|
54,920 |
|
|
|
— |
|
Corporate debt securities |
|
|
21,812 |
|
|
|
31 |
|
|
|
(28 |
) |
|
|
21,815 |
|
|
|
— |
|
|
|
3,906 |
|
|
|
17,909 |
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Total |
|
$ |
269,450 |
|
|
$ |
31 |
|
|
$ |
(41 |
) |
|
$ |
269,440 |
|
|
$ |
157,993 |
|
|
$ |
75,051 |
|
|
$ |
36,396 |
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|
August 31, 2025 |
|
($ in thousands) |
|
Amortized
Cost |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Fair Value |
|
|
Cash and Cash
Equivalents(1) |
|
|
Current
Marketable
Securities |
|
|
Noncurrent
Marketable
Securities |
|
Cash |
|
$ |
129,113 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
129,113 |
|
|
$ |
129,113 |
|
|
$ |
— |
|
|
$ |
— |
|
Level 1: |
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|
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|
|
|
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Money market funds |
|
|
39,574 |
|
|
|
— |
|
|
|
— |
|
|
|
39,574 |
|
|
|
39,574 |
|
|
|
— |
|
|
|
— |
|
Level 2: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate debt securities |
|
|
26,070 |
|
|
|
71 |
|
|
|
(19 |
) |
|
|
26,122 |
|
|
|
4,314 |
|
|
|
9,005 |
|
|
|
12,803 |
|
Total |
|
$ |
194,757 |
|
|
$ |
71 |
|
|
$ |
(19 |
) |
|
$ |
194,809 |
|
|
$ |
173,001 |
|
|
$ |
9,005 |
|
|
$ |
12,803 |
|
(1)Cash and cash equivalents includes restricted cash and cash equivalents.
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