Quarterly report [Sections 13 or 15(d)]

Fair Value Measurement

v3.25.4
Fair Value Measurement
6 Months Ended
Nov. 30, 2025
Fair Value Measurement  
Fair Value Measurement

Note 9. Fair Value Measurement

The following table provides information by level for assets and liabilities that are measured at fair value on a recurring basis.

(in thousands)

November 30, 2025

May 31, 2025

level

Assets:

Cash

$

1,286

$

534

Level 1

Money market funds

680

11,369

Level 1

U.S. treasuries

3,016

Level 1

Liabilities:

Common stock

$

(16,087)

$

Level 1

Our investments in money market funds, U.S. treasuries, and common stock are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices.