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 $59.6 million at June 30, 2026. Our long-term investments consist of U.S. Treasury notes, with maturities ranging between one and two years, and total $54.2 million at June 30, 2026. During fiscal 2026, we had $5.0 million of net proceeds from the sale of investments, which related to $59.8 million of U.S. Treasuries that matured partially offset by $54.8 million of new U.S. Treasuries purchased. 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: