As of Q3'26 (2025-10-31), PATH reported cash & short-term investments of USD 1.4B and debt of USD 72M. This marks a continued decline in cash reserves from the previous quarter, while debt levels have remained relatively stable. Over the period from Q4'23 to Q3'26, PATH's cash & short-term investments initially grew, peaking at USD 1.9B in Q1'25, before entering a consistent downward trend to the current USD 1.4B. In contrast, debt levels have seen only modest increases, rising from USD 56M in Q4'23 to USD 72M in Q3'26. The overall trend indicates a gradual erosion of cash reserves alongside stable, low debt, suggesting increased cash utilization or reduced inflows over the last several quarters.