As of Q4'25, RGTI's cash and short-term investments stood at $443.5M USD, reflecting a modest quarterly decline of approximately 0.8% from $447.0M in Q3'25, while total debt decreased to $7.2M USD, down 5.4% from $7.6M in the prior quarter. This positions the company's net cash position strongly at around $436.3M USD, underscoring improved liquidity relative to obligations. Over the period from Q1'23 to Q4'25, cash and short-term investments exhibited a robust upward trajectory, surging from $122.0M to $443.5M—a 264% increase—driven by a sharp acceleration in the latter half, with a notable jump from $92.6M in Q3'24 to $192.1M in Q4'24 and further growth peaking at $425.7M in Q2'25 before stabilizing. In contrast, debt consistently declined from $37.4M to $7.2M, a 81% reduction, highlighting effective deleveraging and a shift toward a healthier balance sheet with minimal leverage and substantial cash reserves to support operations or expansion.