8 unchanged sentences
Our cash and cash equivalents are not subject to significant interest rate risk due to the short maturities of these instruments.
−Removed: As of December 31, 2024, the carrying value of our cash and cash equivalents approximated fair value.
+Added: As of December 31, 2025, the carrying value of our cash and cash equivalents approximates fair value.
Our return on these investments is subject to interest rate fluctuations.
As of December 31, 2025 and 2024, we had cash and cash equivalent investments, primarily in money market funds and cash held in foreign and domestic bank accounts, of $74.7 million and $33.5 million, respectively.
−Removed: We do not have interest rate risk on our outstanding long-term debt as these arrangements have fixed interest rates.
+Added: We do not have interest rate risk on our 2028 Senior Notes as these notes have a fixed interest rate.
+Added: Borrowings made under our recently entered into 2025 Credit Facility will incur interest at a variable interest rate based on SOFR plus an applicable margin and therefore are subject to interest rate risk.
+Added: As of December 31, 2025, assuming the outstanding balance on our variable rate debt remains constant, we estimate that a hypothetical 100 basis point increase or decrease in the applicable SOFR rate would result in an increase or decrease of approximately $2.1 million in our interest expense for the next 12 months.
We cannot ensure that future interest rate movements will not have a material adverse effect on our future business, prospects, financial condition, operating results and cash flows.
−Removed: To date, we have not entered into interest rate hedging transactions to control or minimize certain of these risks.
+Added: To date, we have not entered into interest rate hedging transactions.
Foreign Currency Risk
13 unchanged sentences
However, we may, in the future, engage in hedging transactions to manage our exposure to fluctuations in foreign currency exchange rates.
−Removed: For the years ended December 31, 2024, 2023 and 2022, foreign exchange gain (loss) amounted to $4.3 million, $(2.4) million and $(1.6) million, respectively.
−Removed: The change in foreign exchange gain (loss) in all comparable periods was primarily attributable to the translation of certain intra-entity balances in foreign currencies.
−Removed: Cumulative translation (loss) gain included in other comprehensive income for the years ended December 31, 2024, 2023 and 2022 was $(9.9) million, $5.9 million and $(2.3) million, respectively.
+Added: For the years ended December 31, 2025, 2024 and 2023, foreign exchange (loss) gain amounted to $(3.2) million, $4.3 million and $(2.4) million, respectively.
+Added: The change in foreign exchange (loss) gain in all comparable periods was primarily attributable to the translation of certain intra-entity balances in foreign currencies.
+Added: Cumulative translation gain (loss) included in other comprehensive income (loss) for the years ended December 31, 2025, 2024 and 2023 was $14.3 million, $(9.9) million and $5.9 million, respectively.
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.