Quantitative and Qualitative Disclosures about Market Risk
−Removed: We had no material derivative financial instruments or derivative commodity instruments as of March 31, 2025.
+Added: We had no material derivative financial instruments or derivative commodity instruments as of June 30, 2025.
We maintain our cash and cash equivalents in bank deposit accounts, money market funds, and short-term U.S.
3 unchanged sentences
We believe we are not exposed to any significant credit risk on cash and cash equivalents.
−Removed: Due to the short-term duration of our investment
−Removed: portfolio, the low yield on the portfolio, and the low risk profile of our investments, a 10% increase or decrease in interest rates would not have a material impact on the fair value of our portfolio.
+Added: Due to the short-term duration of our investment portfolio, the low yield on the portfolio, and the low risk profile of our investments, a 10% increase or decrease in interest rates would not have a material impact on the fair value of our portfolio.
Interest Rate Risk
10 unchanged sentences
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.