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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2026-03-23 compared with 2025-03-31 · 3 added, 2 removed, 16 unchanged (24% of the section changed)
2 unchanged sentences
These risks primarily include interest rate sensitivities.
−Removed: We held cash and cash equivalents of $164.0 million as of December 31, 2024.
−Removed: We generally hold our cash in interest-bearing money market treasury fund accounts.
+Added: We held cash and cash equivalents and investments of $133.6 million as of December 31, 2025.
+Added: We generally hold our cash in interest-bearing money market treasury fund accounts and our investments are available-for-sale debt securities, which are invested in U.S.
+Added: treasury securities.
Our primary exposure to market risk is interest rate sensitivity, which is affected by changes in the general level of U.S.
12 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.