5 unchanged sentences
Because of the short-term maturities of our cash equivalents, we do not believe that a decrease in interest rates would have any material negative impact on the fair value of our cash equivalents.
−Removed: As of March 31, 2026, we had cash, cash equivalents and short-term investments of $238.1 million, which consisted of bank deposits and money market funds, as well as high quality fixed income instruments, including commercial paper, U.S.
+Added: As of June 30, 2026, we had cash, cash equivalents and short-term investments of $281.8 million, which consisted of bank deposits and money market funds, as well as high quality fixed income instruments, including commercial paper, U.S.
government-sponsored agency bonds, U.S.
5 unchanged sentences
We do not enter into investments for trading or speculative purposes.
−Removed: The outstanding principal under our 2022 Loan Agreement is subject to a variable interest rate, which fluctuates with changes in one-month CME Term SOFR reference rate as published by the CME Term SOFR Administrator on the CME Term SOFR Administrator’s Website.
−Removed: A hypothetical increase in one-month CME Term SOFR of 100 basis points above the current one-month CME Term SOFR rate would have increased our interest expense by approximately $0.5 million for the three months ended March 31, 2026.
−Removed: As of March 31, 2026, we had an aggregate principal amount of $200.0 million outstanding pursuant to our 2022 Loan Agreement.
+Added: The outstanding principal under our Loan Agreement is subject to a variable interest rate, which fluctuates with changes in the one-month SOFR reference rate as published by the CME Term SOFR Administrator on the CME Term SOFR Administrator’s Website.
+Added: A hypothetical increase in the one-month SOFR of 100 basis points above the current one-month SOFR rate would not have had a material effect on our result of operations for the six months ended June 30, 2026.
+Added: As of June 30, 2026, we had an aggregate principal amount of $250.0 million outstanding pursuant to our Loan Agreement.
Foreign Currency Risk
5 unchanged sentences
We do not use derivative financial instruments for speculative trading purposes, nor do we hedge foreign currency exchange rate exposure in a manner that entirely offsets the earnings effects of changes in foreign currency exchange rates.
−Removed: As of March 31, 2026, we had no open forward foreign currency exchange contracts.
+Added: As of June 30, 2026, we had no open forward foreign currency exchange contracts.
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.