4 unchanged sentences
Interest Rate Risk
−Removed: We had cash and cash equivalents of $224.1 million and marketable securities of $46.0 million as of December 31, 2024, which consisted of interest-bearing investments with maturities of three months or less and investment grade securities respectively.
−Removed: Interest-earning instruments carry a degree of interest rate risk as increases in rates will negatively affect the fair value of our marketable securities.
+Added: We had cash and cash equivalents of $271.5 million as of December 31, 2025, which includes interest-bearing investments with maturities of three months or less.
+Added: Interest-earning instruments carry a degree of interest rate risk as increases in rates will negatively affect the fair value of our cash equivalents.
We do not enter into investments for trading or speculative purposes and have not used any derivative financial instruments to manage our interest rate risk exposure.
3 unchanged sentences
A hypothetical 100 basis point change in interest rates would not result in a material impact on our consolidated financial statements.
−Removed: Table of Conten t s
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.