PROCEPT BioRobotics Corp Fair Value Disclosure
| December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 2025 | 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||||||||||||||||||||
| Cash and cash equivalents: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash | $ | 11,417 | $ | — | $ | — | $ | 11,417 | $ | 10,961 | $ | — | $ | — | $ | 10,961 | ||||||||||||||||||||||||||||||||||
| Cash equivalents | 275,086 | — | — | 275,086 | 322,764 | — | — | 322,764 | ||||||||||||||||||||||||||||||||||||||||||
| Total cash and cash equivalents | $ | 286,503 | $ | — | $ | — | $ | 286,503 | $ | 333,725 | $ | — | $ | — | $ | 333,725 | ||||||||||||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||||
| 2025 | 2024 | |||||||||||||||||||||||||
| Beginning of the period | $ | 2,000 | $ | 1,886 | ||||||||||||||||||||||
Payment | (2,000) | $ | — | |||||||||||||||||||||||
| — | 114 | |||||||||||||||||||||||||
| End of the period | $ | — | $ | 2,000 | ||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 28, 2023 | |
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.