5 unchanged sentences
Changes in interest rates could impact our anticipated interest income earned on our cash and cash equivalents balance.
−Removed: As of June 30, 2025, we are not exposed to interest rate risk on our unsecured revolving line of credit.
+Added: As of September 30, 2025, we are not exposed to interest rate risk on our unsecured revolving line of credit.
An immediate 10% change in interest rates would not have a material adverse impact on our future operating results and cash flows.
−Removed: As of June 30, 2025, we had no short term or long-term marketable securities.
+Added: As of September 30, 2025, we had no short term or long-term marketable securities.
We have not historically used derivative financial instruments to manage our exposure to changes in interest rates.
11 unchanged sentences
Inflation Risk
−Removed: The economy has been impacted by certain macroeconomic challenges which have contributed to a rising inflationary trend that have impacted both our revenues and costs globally.
+Added: The economy has been impacted by certain macroeconomic challenges which have contributed to high inflation that has impacted both our revenues and costs globally.
+Added: While inflation has been declining recently, it is uncertain that it will continue to decline in the future.
If our costs become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases.
3 unchanged sentences
Our investments in privately held companies primarily consist of equity securities without readily determinable fair values.
−Removed: We elected to account for our investments in privately held companies using the measurement alternative, which is cost, less any impairment, adjusted for changes in fair value resulting from observable transactions for identical or similar investments of the same issuer.
+Added: We elected to account for our investments in privately held companies using the measurement alternative, which is cost, less any impairment, adjusted for changes in fair value resulting from observable transactions for identical or similar
+Added: investments of the same issuer.
We perform a qualitative assessment at each reporting date to determine whether there are triggering events for impairment.
4 unchanged sentences
Valuations of our equity investments are complex due to the lack of readily available market data and observable transactions.
−Removed: The carrying value of our investments in privately held companies was $198.2 million at June 30, 2025 and $188.2 million at December 31, 2024.
+Added: The carrying value of our investments in privately held companies was $198.2 million at September 30, 2025 and $188.2 million at December 31, 2024.
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.