Quarterly report [Sections 13 or 15(d)]

Fair Value Measurement

v3.26.1
Fair Value Measurement
9 Months Ended
Feb. 28, 2026
Fair Value Measurement  
Fair Value Measurement

Note 9. Fair Value Measurement

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

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(in thousands)

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February 28, 2026

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May 31, 2025

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level

Assets:

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Cash

$

13,591

$

534

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Level 1

Money market funds

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2,064

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11,369

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Level 1

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Liabilities:

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Common stock

$

(12,245)

$

—

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Level 1

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