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 September 30, 2025, the carrying value of our cash and cash equivalents approximated fair value.
+Added: As of March 31, 2026, the carrying value of our cash and cash equivalents approximates fair value.
Our return on these investments is subject to interest rate fluctuations.
−Removed: As of September 30, 2025 and December 31, 2024, we had cash and cash equivalent investments, primarily in money market funds and cash held in foreign and domestic bank accounts, of $97.6 million and $33.5 million, respectively.
−Removed: We do not have interest rate risk on our current outstanding long-term debt as these arrangements have fixed interest rates.
−Removed: Borrowings made under our recently entered into 2025 Credit Facility will incur interest at variable interest rates and are subject to interest rate risk.
−Removed: As of September 30, 2025, there have been no borrowings made under this facility.
+Added: As of March 31, 2026 and December 31, 2025, we had cash and cash equivalent investments, primarily in money market funds and cash held in foreign and domestic bank accounts, of $92.3 million and $74.7 million, respectively.
+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 2025 Credit Facility 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 March 31, 2026, 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
12 unchanged sentences
However, we may in the future engage in hedging transactions to manage our exposure to fluctuations in foreign currency exchange rates.
−Removed: Foreign exchange gain (loss) was $0.2 million and $(2.1) million for the three months ended September 30, 2025 and 2024, respectively.
−Removed: Foreign exchange (loss) gain was $(3.3) million and $2.5 million for the nine months ended September 30, 2025 and 2024, respectively.
+Added: Foreign exchange gain (loss) was $1.4 million and $(1.1) million for the three months ended March 31, 2026 and 2025, respectively.
The change in foreign exchange gain (loss) was primarily attributable to the translation of certain intra-entity balances in foreign currencies.
−Removed: Cumulative translation adjustment (loss) gain, included in other comprehensive income, was $(0.2) million and $6.1 million for the three months ended September 30, 2025 and 2024, respectively.
−Removed: Cumulative translation adjustment gain (loss), included in other comprehensive income, was $14.0 million and $(1.6) million for the nine months ended September 30, 2025 and 2024, respectively.
+Added: Cumulative translation (loss) gain, included in other comprehensive income, was $(3.6) million and $4.4 million for the three months ended March 31, 2026 and 2025, 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.