What changed in this filing

/stocks — the workspaceLOADING

Item 8. Financial Statements and Supplementary Data

2026-02-11 compared with 2025-02-14 · 99 added, 106 removed, 559 unchanged (27% of the section changed)

2 unchanged sentences

Report of Independent Registered Public Accounting Firm (PCAOB ID:

Consolidated Balance Sheets

8 unchanged sentences

We have audited the accompanying consolidated balance sheets of Aurora Innovation, Inc.

and its subsidiaries (the “Company”) as of December 31, 2024 and 2023, and the related consolidated statements of operations, of comprehensive loss, of stockholders’ equity and of cash flows for the years then ended, including the related notes (collectively referred to as the “consolidated financial statements”).

and its subsidiaries (the “Company”) as of December 31, 2025 and 2024, and the related consolidated statements of operations, of comprehensive loss, of stockholders’ equity and of cash flows for each of the three years in the period ended December 31, 2025, including the related notes (collectively referred to as the “consolidated financial statements”).

We also have audited the Company's internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2025 in conformity with accounting principles generally accepted in the United States of America.

Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control - Integrated Framework (2013) issued by the COSO.

33 unchanged sentences

We have served as the Company’s auditor since 2023.

Report of Independent Registered Public Accounting Firm

To the Stockholders and Board of Directors

Aurora Innovation, Inc.

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheet of Aurora Innovation, Inc.

and subsidiaries (the Company) as of December 31, 2022, the related consolidated statement of operations, comprehensive loss, stockholders’ equity, and cash flows for the year then ended, and the related notes (collectively, the consolidated financial statements).

In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2022, and the results of its operations and its cash flows for the year then ended , in conformity with U.S.

generally accepted accounting principles.

Basis for Opinion

These consolidated financial statements are the responsibility of the Company’s management.

Our responsibility is to express an opinion on these consolidated financial statements based on our audit.

We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S.

federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB.

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud.

Our audit included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks.

Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements.

Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.

We believe that our audit provides a reasonable basis for our opinion.

We served as the Company’s auditor from 2018 to 2023.

Santa Clara, California

February 21, 2023 except for Note 14, as to which the date is February 14, 2025

Aurora Innovation, Inc.

Consolidated Balance Sheets

8 unchanged sentences

Operating lease right-of-use assets

Acquisition related intangible assets

Acquisition related intangible assets, net

Long-term investments

7 unchanged sentences

Operating lease liabilities, long-term

Derivative liabilities

Derivative liabilities, long-term

Other liabilities

17 unchanged sentences

2025 2024 2023

Collaboration revenue $ — $ — $ 68

Operating expenses:

Revenue $ 3 $ — $ —

Cost of revenue 17 — —

Research and development

Selling, general and administrative

Goodwill impairment

Total operating expenses

786 835 1,920

Loss from operations

19 unchanged sentences

Other comprehensive income:

Unrealized gain (loss) on investments

Other comprehensive income (loss)

Unrealized income on investments

Other comprehensive income

Comprehensive loss

13 unchanged sentences

1,166 $ — $ 4,600 $ ( 2 ) $ ( 2,814 ) $ 1,784

Equity issued under incentive compensation plans 43 — 11 — — 11

Stock-based compensation — — 156 — — 156

Comprehensive loss — — — ( 2 ) ( 1,723 ) ( 1,725 )

Balance as of December 31, 2022

1,166 — 4,600 ( 2 ) ( 2,814 ) 1,784

Equity issued under incentive compensation plans 57 — 6 — — 6

Equity issued under incentive compensation plans, net of shares withheld for employee taxes

Issuance of common stock in private placement, net of issuance costs

3 unchanged sentences

Stock-based compensation — — 160 — — 160

— — 160 — — 160

Comprehensive income (loss)

2 unchanged sentences

1,529 — 5,594 1 ( 3,610 ) 1,985

Equity issued under incentive compensation plans 70 — 28 — — 28

Equity issued under incentive compensation plans, net of shares withheld for employee taxes

70 — 28 — — 28

Issuance of common stock in public offering, net of issuance costs

6 unchanged sentences

1,733 — 6,232 1 ( 4,358 ) 1,875

Equity issued under incentive compensation plans, net of shares withheld for employee taxes

59 — 18 — — 18

Issuance of common stock in at-the-market offering, net of issuance costs

151 — 874 — — 874

Stock-based compensation

— — 188 — — 188

Comprehensive income (loss)

— — — 1 ( 816 ) ( 815 )

Balance as of December 31, 2025

1,943 $ — $ 7,312 $ 2 $ ( 5,174 ) $ 2,140

See accompanying notes to the consolidated financial statements

10 unchanged sentences

Stock-based compensation

Goodwill impairment — — 1,114

Change in fair value of derivative liabilities ( 29 ) 24 20

4 unchanged sentences

Other current and non-current assets

( 9 ) ( 22 ) 1

Operating lease liabilities

1 unchanged sentence

Other current and non-current liabilities

( 3 ) 22 ( 10 )

Net cash used in operating activities

5 unchanged sentences

( 1,452 ) ( 1,030 ) ( 1,297 )

Maturities of investments

892 1,320 773

Maturities and sales of investments 1,238 892 1,320

Net cash (used in) provided by investing activities

2 unchanged sentences

Proceeds from issuance of common stock

Payments for taxes on net settlement of equity incentive awards

( 79 ) ( 2 ) ( 7 )

Other financing activities

1 unchanged sentence

Net cash provided by financing activities

Net (decrease) increase in cash, cash equivalents, and restricted cash

Net increase (decrease) in cash, cash equivalents, and restricted cash

8 ( 291 ) 241

Cash, cash equivalents, and restricted cash at beginning of the period

518 277 1,626

Cash, cash equivalents, and restricted cash at end of the period

6 unchanged sentences

(the “Company” or “Aurora”) is headquartered in Pittsburgh, Pennsylvania and its mission is to deliver the benefits of self-driving technology safely, quickly, and broadly.

The Company is developing the Aurora Driver, an advanced and scalable suite of self-driving hardware, software and data services designed as a platform to adapt and interoperate amongst vehicle types and applications.

The Company has launched and continues to develop the Aurora Driver, an advanced and scalable suite of self-driving hardware, software and data services designed as a platform to adapt and interoperate amongst vehicle types and applications.

Summary of Significant Accounting Policies

5 unchanged sentences

Actual results could differ from those estimates.

Collaboration Revenue

In January 2021, the Company entered into a collaboration framework agreement with Toyota Motor Corporation (“Toyota”) with the intention of deploying the Aurora Driver into a fleet of Toyota vehicles, subject to further agreement of a collaboration project plan that was signed in August 2021.

Collaboration revenue is recognized using the input measure of hours expended as a percentage of total estimated hours to complete the collaboration project plan.

Differences between collaboration revenue recognized and payments collected under the agreement are recognized as a contract asset or contract liability at the end of each reporting period.

Revenue Recognition

The Company recognizes revenue on its transportation services as goods are transported from one location to another utilizing an over time model as the services are provided.

Revenues are presented net of tax when transactions are subject to taxes, such as sales tax, that are assessed by governmental authorities.

Incremental costs of obtaining a contract and costs to fulfill a contract are not material.

Cost of Revenue

Cost of revenue includes costs of the self-driving system hardware depreciation and maintenance expense, personnel costs, terminal related costs when required, insurance, telecommunications, and amortization of acquired intangibles.

When services are provided using vehicles owned by the Company, cost of revenue also includes truck depreciation and maintenance expense, and fuel.

Cash, Cash Equivalents and Restricted Cash

30 unchanged sentences

The discount rates utilized to measure operating lease liabilities are generally based on estimates of the Company’s incremental borrowing rate, as the discount rates implicit in lease agreements cannot be readily determined.

Impairment of Goodwill, Acquired Intangible Assets and Long-Lived Assets

Goodwill is evaluated for impairment annually on December 31, or whenever events or circumstances indicate that the carrying amount may not be recoverable.

If the carrying amount of goodwill exceeds its fair value, an impairment loss is recognized for any excess of the carrying amount of goodwill over its implied fair value.

Acquired intangible assets primarily consist of one asset class of in-process research and development (“IPR&D”) from the Company’s historical acquisitions.

As of December 31, 2024, these assets had an indefinite useful life.

IPR&D assets that have not been completed are subject to impairment considerations annually on December 31, or whenever events or circumstances indicate that the carrying amounts may not be recoverable.

Acquired Intangible Assets and Long-Lived Assets

Acquired intangible assets primarily consist of one asset class of developed technology from various business combinations.

These assets were in-process research and development (“IPR&D”) until the assets were placed into service during the three months ended June 30, 2025.

An estimated useful life of 10 years was assigned for the period over which the technology is expected to contribute to the future cash flows of the Company in commercial self-driving applications.

These assets are amortized over the estimated useful life in proportion to the economic benefits received via revenue recognized.

The acquired intangible assets had an aggregate carrying amount of $ 617 million as of December 31, 2025.

Amortization for the year ended December 31, 2025 was not significant.

The Company evaluates the estimated remaining useful life of its intangible assets and whether events or changes in circumstances warrant a revision to the remaining period of amortization at each period end.

Acquired intangible assets are subject to impairment considerations whenever events or circumstances indicate that the carrying amounts may not be recoverable.

No impairment losses were recognized on acquired intangible assets during the periods presented.

6 unchanged sentences

Research and development costs are expensed as incurred, and consist primarily of personnel costs, hardware and electrical engineering prototyping, cloud computing, data labeling, and third-party development services.

To date, the Company has not capitalized software development costs related to the development of the Aurora Driver due to the remaining planning, designing, coding and testing activities necessary for technology validation and safe autonomous operation.

To date, the Company has not capitalized software development costs related to the continued development and commercialization of the Aurora Driver at scale due to the remaining planning, designing, coding and testing activities necessary for technology validation and safe autonomous operation.

Stock-based Compensation

2 unchanged sentences

Due to the Company’s limited historical stock option exercise experience as a public company, the expected term of stock options is determined utilizing the simplified method based on vesting and contractual terms.

The expected volatility is determined based on the historical volatility of comparable public companies over the expected term of the stock option.

The expected volatility is determined based on our historical equity volatility as well as the historical volatility of comparable public companies over the expected term of the stock option.

The risk-free interest rate is based on the U.S.

19 unchanged sentences

The Company’s operations are principally funded by available liquidity from cash, cash equivalents and short-term investments.

Management expects to continue to incur operating losses and that the Company will need to opportunistically raise additional capital to support the continued development and commercialization of the Aurora Driver.

Management believes that cash on hand and short-term investments will be sufficient to meet its working capital and capital expenditure requirements for a period of at least twelve months from the date of these financial statements.

5 unchanged sentences

Recent Accounting Pronouncements

In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No.

2023-07, Segment Reporting, which expands disclosure requirements for reportable segments including enhanced disclosures about significant segment expenses.

The updated standard is effective for the Company’s fiscal 2024 annual period and interim periods beginning in the first quarter of fiscal 2025.

Segment for the Company’s disclosures for this standard.

In December 2023, the FASB issued Accounting Standards Update 2023-09, Income Taxes (Topic 740):

1 unchanged sentence

The updated standard is effective for the Company’s fiscal 2025 annual period.

The Company is currently evaluating the impact of this guidance.

Income Taxes for the Company’s disclosures for this standard.

In November 2024, the FASB issued Accounting Standards Update 2024-03, Disaggregation of Income Statement Expenses, which requires annual and interim disclosure of disaggregated disclosures of certain costs and expenses on the income statement.

2 unchanged sentences

The Company is currently evaluating the impact of this guidance.

The changes in the carrying amount of goodwill were as follows (in millions):

2024 December 31,

Goodwill $ 1,114 $ 1,114

Accumulated impairment loss ( 1,114 ) ( 1,114 )

Carrying amount of goodwill $ — $ —

During the second quarter and fourth quarter of 2022, the market price of the Company’s Class A common stock and its market capitalization declined significantly.

As a result, the Company determined that a triggering event had occurred and goodwill impairment assessments were performed.

For each goodwill impairment assessment, the Company utilized a market approach valuation method utilizing the observable market price of the Company’s Class A common stock as it represented the best evidence of the fair value of its reporting unit.

Based on the results, the Company recognized a $ 1,114 million goodwill impairment during the twelve months ended December 31, 2022.

In September 2025, the FASB issued Accounting Standards Update 2025-06, Targeted Improvements to the Accounting for Internal-Use Software, which modernizes and simplifies the guidance for capitalizing costs related to internal-use software by removing the stage-based approach and aligning the disclosure requirements with those for other long-lived assets.

The standard is effective for fiscal years beginning after December 15, 2027, with early adoption permitted.

The amendments may be applied prospectively or using a modified retrospective approach.

The Company is currently evaluating the impact of this guidance.

The Company generates revenue by providing transportation services for customers from an origin to a destination of the shipment.

The Company and its customers enter into transportation service agreements that establish the terms, including prices, under which orders to purchase transportation services may be placed.

When an agreement includes enforceable terms and conditions over a specified period, it is considered a contract, as it establishes enforceable rights and obligations.

Substantially all of the Company’s contracts with its customers are for a single performance obligation of providing self-driving and other transportation services, with the transaction price determined on a per mile rate basis.

The transaction price may be defined in a transportation services agreement or negotiated with the customer prior to accepting the shipment order.

The Company recognizes revenue on its transportation services as goods are transported from the origin to the destination utilizing an over time model as the services are provided.

The Company has an unconditional right to consideration from the customer in an amount that corresponds directly with the value of its performance, and as such the Company recognizes revenue in the amount to which the Company has a right to invoice the customer, when applicable.

Invoices are generally due 30 days after the invoice date.

Receivables are recorded for the unconditional right to consideration when the related performance obligations have been fully satisfied.

There are no significant financing components in our customer contracts.

Revenues are presented net of tax when transactions are subject to taxes, such as sales tax, that are assessed by governmental authorities.

Incremental costs of obtaining a contract and costs to fulfill a contract are not material.

Cash, Cash Equivalents, Restricted Cash and Investments

15 unchanged sentences

Treasury securities

Level 2 40 251

Commercial paper

8 unchanged sentences

$ 1,238 $ 1,012

Available-for-sale debt securities classified as long-term investments mature after one year and through two years.

The amortized cost, unrealized gains, and fair value of available-for-sale debt securities were as follows (in millions):

13 unchanged sentences

$ 1,011 $ 1 $ 1,012

Collaboration Revenue

In the twelve months ended December 31, 2024, 2023 and 2022, the Company received payments of $ 0 million, $ 0 million and $ 100 million, respectively, under the collaboration project plan with Toyota.

As of December 31, 2022, the Company had recognized all revenue associated with cash payments received under the collaboration project plan with Toyota.

As a result, no revenue was recognized during the twelve months ended December 31, 2024 and 2023 .

Stockholders' Equity

9 unchanged sentences

The Company had 318 million and 350 million shares of Class B common stock issued and outstanding at December 31, 2025 and December 31, 2024, respectively.

At-The-Market Offering

On February 14, 2025, the Company entered into a sales agreement with Cantor Fitzgerald & Co., TD Securities (USA) LLC, and Allen & Company LLC (the “Sales Agents”) pursuant to which the Company may offer and sell, from time to time and at its sole discretion, up to an aggregate amount of $ 500 million of the Company’s Class A common stock through the Sales Agents in an “at-the-market” offering (the “ATM Program”).

On July 30, 2025, the Company increased the aggregate dollar amount of the Company’s Class A common stock that it may sell under the ATM Program to $ 1,421 million, of which $ 1,000 million remained available to be sold as of the date thereof.

During the three months ended December 31, 2025, the Company offered and sold approximately 4 million shares of Class A common stock through the ATM Program at an average price of $ 4.42 per share, for net proceeds of $ 15 million after transaction costs.

During the twelve months ended December 31, 2025, the Company offered and sold approximately 151 million shares of Class A common stock through the ATM Program at an average price of $ 5.96 per share, for net proceeds of $ 874 million after transaction costs.

Public Offerings

13 unchanged sentences

Under the Plan, equity-based compensation in compensation arrangements including the annual bonus program may be granted in the form of RSUs, restricted stock awards, incentive stock options, nonqualified stock options, stock appreciation rights, and performance units to employees, officers, directors, consultants, and others.

In the second quarter of 2025, the Company paid its 2024 employee incentive compensation in the form of restricted stock units which were granted and vested during the second quarter of 2025.

Upon issuance the Company recorded a $ 55 million reduction to Other current liabilities which had previously been reported in the Company’s December 31, 2024 Consolidated Balance Sheet.

Restricted Stock Units

RSUs granted under the 2017 Plan generally are subject to two vesting requirements:

(1) a time-based vesting requirement, and (2) a liquidity event.

Generally, the time-based vesting requirement is quarterly over four years starting on the vesting commencement date, with a one-year cliff.

The liquidity event vesting requirement was satisfied with the Merger.

RSUs granted under the Plan generally are subject to a time-based vesting requirement.

34 unchanged sentences

Granted 2 8.47

Exercised (a)

Outstanding at December 31, 2025

2 unchanged sentences

62 $ 1.95 6.0 $ 123

(a) The amount of cash received from exercised stock options was $ 42 million for the twelve months ended December 31, 2025

The unrecognized stock-based compensation related to unvested stock options was $ 44 million as of December 31, 2025 and will be recognized over a weighted average period of 1.9 years.

2 unchanged sentences

Stock-based compensation is allocated on a departmental basis, based on the classification of the option holder or grant recipient.

No income tax benefits have been recognized in the statement of operations for stock-based compensation arrangements and no stock-based compensation has been capitalized as of December 31, 2024.

No income tax benefits have been recognized in the statement of operations for stock-based compensation arrangements and no material stock-based compensation has been capitalized as of December 31, 2025.

Total stock-based compensation expense by function was as follows (in millions):

31 unchanged sentences

Private placement warrants

Common stock warrants 22 10

Earnout share liabilities Level 3 26 14

Common stock warrants (a)

Earnout share liabilities (b)

Level 3 15 26

Total derivative liabilities

(a) Included in other current liabilities as of December 31, 2025 and derivative liabilities, long term as of December 31, 2024 on the consolidated balance sheets

(b) Included in derivative liabilities, long term on the consolidated balance sheets

The public and private placement warrants are measured at fair value on a recurring basis.

4 unchanged sentences

The earnout share liabilities are measured at fair value on a recurring basis utilizing a Monte Carlo simulation analysis.

The expected volatility is determined based on a blended rate of our historical equity volatility as well as the historical equity volatility of comparable companies over a period that matches the expected term of the instrument.

The expected volatility is determined based on our historical equity volatility as well as the historical equity volatility of comparable companies over a period that matches the expected term of the instrument.

The risk-free interest rate is based on relevant U.S.

15 unchanged sentences

$ 29 $ ( 24 ) $ ( 20 )

The Company leases its office facilities and warehouses under non-cancelable operating lease agreements that expire through 2042, including renewal options that are reasonably certain to be exercised.

The Company leases certain office facilities and warehouses under non-cancelable operating lease agreements that expire through 2035.

Rent expense under operating leases was $ 28 million, $ 28 million, and $ 27 million in the twelve months ended December 31, 2025, 2024 and 2023, respectively.

33 unchanged sentences

There is no current or deferred income tax expense or benefit for the years ended December 31, 2025, 2024, and 2023.

Income taxes paid were not significant for the years ended December 31, 2025, 2024, and 2023.

The reconciliations of the effective tax rate from the federal statutory rate were as follows:

1 unchanged sentence

2025 2024 2023

Federal statutory tax rate

U.S federal statutory tax rate

$ ( 171 ) 21.0 % $ ( 157 ) 21.0 % $ ( 167 ) 21.0 %

Federal research and development credits

( 74 ) 9.1 ( 57 ) 7.6 ( 42 ) 5.3

Nontaxable or nondeductible items

Stock-based compensation

( 30 ) 3.7 ( 15 ) 2.0 14 ( 1.8 )

Research and development credits

Liability classified financial instruments ( 0.7 ) ( 0.5 ) 1.4

Adjustments of prior years' taxes 4.6 ( 2.7 ) —

Goodwill impairment — — ( 13.6 )

7 ( 0.9 ) 6 ( 0.8 ) 6 ( 0.8 )

Change in valuation allowance

Change in unrecognized tax benefits

15 ( 1.8 ) 11 ( 1.5 ) 8 ( 1.0 )

Change in federal valuation allowance

253 ( 31.1 ) 212 ( 28.3 ) 181 ( 22.7 )

Effective tax rate

$ — — % $ — — % $ — — %

The components of deferred tax assets and liabilities were as follows (in millions):

40 unchanged sentences

Increases related to tax positions taken during the current year

Decreases related to tax positions taken during a prior year

Unrecognized tax benefits at end of period

2 unchanged sentences

Amounts accrued for interest and penalties were not significant during the twelve months ended December 31, 2025, 2024 and 2023.

The Company does not anticipate that the amount of existing unrecognized tax benefits will significantly increase or decrease within the next 12 months.

None of the unrecognized tax benefits, if recognized, would have a material effect on the effective tax rate.

The Company files U.S.

4 unchanged sentences

Purchase Commitments

The Company has entered into a contract for cloud hosting services under which non-cancelable future minimum payments as of December 31, 2024 were as follows (in millions):

The Company has non-cancelable future minimum payments as of December 31, 2025 of (in millions):

Year ending December 31,

6 unchanged sentences

The Company has one reportable segment managed on a consolidated basis by the Chief Executive Officer (CEO) who is the chief operating decision maker (“CODM”).

In identifying one reportable segment, the Company considered the basis of organization for the development of the Aurora Driver, an advanced and scalable suite of self-driving hardware, software and data services designed as a platform to adapt and interoperate amongst vehicle types and applications.

In identifying one reportable segment, the Company considered the basis of organization for the continued development of the Aurora Driver, an advanced and scalable suite of self-driving hardware, software and data services designed as a platform to adapt and interoperate amongst vehicle types and applications.

The accounting policies of the segment are the same as those described in the summary of significant accounting policies.

The chief operating decision maker assesses performance and decides how to allocate resources based on net loss that is also reported on the income statement as consolidated net loss.

The CODM assesses performance and decides how to allocate resources based on net loss that is also reported on the income statement as consolidated net loss.

The measure of segment assets is reported on the balance sheet as consolidated total assets.

1 unchanged sentence

The CODM considers budget to actual and year-over-year variances for net loss when making decisions about how to utilize the company’s resources.

In the second quarter of 2025, our CODM began to regularly review revenue and cost of revenue as a result of the successful launch of the Aurora Driver for Freight product.

Beginning in the second quarter of 2025, cost of revenue and other operating expenses now include depreciation and amortization which was previously reported in other segment items.

The table below has been updated to reflect these changes.

The components of segment profit or loss were as follows (in millions):

1 unchanged sentence

2025 2024 2023

Collaboration revenue

Cost of revenue

Personnel expenses 443 423 428

1 unchanged sentence

Other segment items (a)

127 142 1,163

$ ( 748 ) $ ( 796 ) $ ( 1,723 )

(a) Other segment items include stock-based compensation expense, goodwill impairment, depreciation and amortization, change in fair value of derivative liabilities, and other income (expense), net.

Net loss $ ( 816 ) $ ( 748 ) $ ( 796 )

(a) Other segment items include stock-based compensation expense, change in fair value of derivative liabilities, and other income (expense), net

Changes in and Disagreements With Accountants on Accounting and Financial Disclosures.

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.

What changed 10-K

Item 8. Financial Statements and Supplementary Data