EyePoint, Inc. Fair Value Disclosure
The following tables summarize the Company’s assets by significant categories carried at fair value measured on a recurring basis at December 31, 2025 and 2024, respectively, by valuation hierarchy (in thousands):
|
|
December 31, 2025 |
|
|||||||||||||||||||||
|
|
Carrying |
|
|
Gross |
|
|
Gross |
|
|
Fair Value |
|
|
Cash |
|
|
Marketable Securities |
|
||||||
Level 1: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Money market funds |
|
$ |
89,072 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
89,072 |
|
|
$ |
89,072 |
|
|
$ |
— |
|
Subtotal |
|
$ |
89,072 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
89,072 |
|
|
$ |
89,072 |
|
|
$ |
— |
|
Level 2: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Commercial paper |
|
$ |
89,211 |
|
|
$ |
32 |
|
|
$ |
— |
|
|
$ |
89,243 |
|
|
$ |
4,990 |
|
|
$ |
84,253 |
|
U.S. Treasury securities |
|
|
90,023 |
|
|
|
79 |
|
|
|
(1 |
) |
|
|
90,101 |
|
|
|
— |
|
|
|
90,101 |
|
U.S. Agency securities |
|
|
29,900 |
|
|
|
11 |
|
|
|
— |
|
|
|
29,911 |
|
|
|
— |
|
|
|
29,911 |
|
Subtotal |
|
$ |
209,134 |
|
|
$ |
122 |
|
|
$ |
(1 |
) |
|
$ |
209,255 |
|
|
$ |
4,990 |
|
|
$ |
204,265 |
|
Total |
|
$ |
298,206 |
|
|
$ |
122 |
|
|
$ |
(1 |
) |
|
$ |
298,327 |
|
|
$ |
94,062 |
|
|
$ |
204,265 |
|
|
|
December 31, 2024 |
|
|||||||||||||||||||||
|
|
Carrying |
|
|
Gross |
|
|
Gross |
|
|
Fair Value |
|
|
Cash |
|
|
Marketable Securities |
|
||||||
Level 1: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Money market funds |
|
$ |
95,859 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
95,859 |
|
|
$ |
95,859 |
|
|
$ |
— |
|
Subtotal |
|
$ |
95,859 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
95,859 |
|
|
$ |
95,859 |
|
|
$ |
— |
|
Level 2: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Commercial paper |
|
$ |
94,817 |
|
|
$ |
26 |
|
|
$ |
(1 |
) |
|
$ |
94,842 |
|
|
$ |
— |
|
|
$ |
94,842 |
|
U.S. Treasury securities |
|
|
114,599 |
|
|
|
120 |
|
|
|
(8 |
) |
|
|
114,711 |
|
|
|
— |
|
|
|
114,711 |
|
U.S. Agency securities |
|
|
61,605 |
|
|
|
53 |
|
|
|
(2 |
) |
|
|
61,656 |
|
|
|
— |
|
|
|
61,656 |
|
Subtotal |
|
$ |
271,021 |
|
|
$ |
199 |
|
|
$ |
(11 |
) |
|
$ |
271,209 |
|
|
$ |
— |
|
|
$ |
271,209 |
|
Total |
|
$ |
366,880 |
|
|
$ |
199 |
|
|
$ |
(11 |
) |
|
$ |
367,068 |
|
|
$ |
95,859 |
|
|
$ |
271,209 |
|
At December 31, 2025, a total of $89.1 million or 94.7% of the Company’s interest-bearing cash equivalent balances were concentrated in one institutional money market fund that has investments consisting primarily of Repurchase Agreements, U.S Treasuries, and U.S. Government Agency Debts.
At December 31, 2024, a total of $95.9 million or 100% of the Company’s interest-bearing cash equivalent balances were concentrated in one institutional money market fund that has investments consisting primarily of Repurchase Agreements, U.S Treasuries, and U.S. Government Agency Debts.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 5, 2026 | Showing above |
| 2024 | Mar 6, 2025 | |
| 2023 | Mar 8, 2024 | |
| 2022 | Mar 10, 2023 | |
| 2021 | Mar 14, 2022 | |
| 2020 | Mar 12, 2021 | |
| 2019 | Mar 16, 2020 | |
| 2018 | Sep 18, 2018 | |
| 2017 | Sep 13, 2017 | |
| 2016 | Sep 13, 2016 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.