8 unchanged sentences
Interest Rate Risk and Market Risk
−Removed: We had cash, cash equivalents, and marketable securities of $480.0 million as of January 31, 2024, of which $407.9 million was invested in government securities, foreign securities, and corporate debt securities.
+Added: We had cash, cash equivalents, and marketable securities of $514.0 million as of January 31, 2025, of which $430.5 million was invested in U.S.
+Added: government securities, foreign securities, and corporate debt securities.
Our cash and cash equivalents are held for working capital and general corporate purposes.
3 unchanged sentences
Fixed rate securities may have their market value adversely affected due to a rise in interest rates, while floating rate securities may produce less income than expected if interest rates fall.
−Removed: As of January 31, 2024, a hypothetical 10% change in interest rates would not have had a material impact on our consolidated financial statements.
−Removed: Because we classify our debt securities as
−Removed: “available for sale,” no gains or losses are recognized due to changes in interest rates unless such securities are sold prior to maturity or unless declines in fair value are determined to be non-temporary.
+Added: As of January 31, 2025, a hypothetical 10% change in interest rates would not have had a material impact on the consolidated financial statements.
+Added: Because we classify our debt securities as “available for sale,” no gains or losses are recognized due to changes in interest rates unless such securities are sold prior to maturity or unless declines in fair value are determined to be non-temporary.
Foreign Currency Exchange Rate Risk
6 unchanged sentences
Our operating expenses are denominated in the currencies of the countries in which our operations are located, which are primarily the United States, United Kingdom, Singapore and Japan.
−Removed: Our consolidated results of operations and cash flows are therefore subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign exchange rates.
+Added: The consolidated results of operations and cash flows are therefore subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign exchange rates.
The assets and liabilities of each of our foreign subsidiaries are translated into U.S.
2 unchanged sentences
dollars are recorded as a separate component on the consolidated statements of comprehensive loss.
−Removed: Gains or losses due to transactions in foreign currencies are included in interest and other income (expense), net in our consolidated statements of operations.
+Added: Gains or losses due to transactions in foreign currencies are included in interest and other income, net in the consolidated statements of operations.
The volatility of exchange rates depends on many factors that we cannot forecast with reliable accuracy.
5 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.