As of Q1'26, RXRX's cash and short-term investments stood at $654M USD, reflecting a moderate increase from $743M in Q4'25 but remaining below the recent peak. Total debt was reported at $72M USD, continuing a downward trajectory from $78M in the prior quarter, resulting in a strong net cash position of approximately $582M. Over the period from Q2'23 to Q1'26, cash levels exhibited volatility with an overall upward trend, starting at $406M and climbing to a high of $743M in Q4'25 before a slight pullback, driven by notable surges in Q2'24 ($474M) and Q3'25 ($660M). Debt, meanwhile, rose sharply from $53M in Q2'23 to $108M in Q4'24 amid expansion phases, but has since declined steadily to $72M, enhancing liquidity and reducing leverage risks for the biotech firm. This pattern underscores improving financial stability despite operational fluctuations.