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 March 31, 2026, the carrying value of our cash and cash equivalents approximates fair value.
+Added: As of June 30, 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 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: As of June 30, 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 $98.9 million and $74.7 million, respectively.
We do not have interest rate risk on our 2028 Senior Notes as these notes have a fixed interest rate.
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.
−Removed: 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.
+Added: As of June 30, 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.
14 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 $1.4 million and $(1.1) million for the three months ended March 31, 2026 and 2025, respectively.
+Added: Foreign exchange gain (loss) was $0.6 million and $(2.3) million for the three months ended June 30, 2026 and 2025, respectively, and $2.0 million and $(3.4) million for the six months ended June 30, 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 (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.
+Added: Cumulative translation (loss) gain, included in other comprehensive income, was $(1.2) million and $9.9 million for the three months ended June 30, 2026 and 2025, respectively, and $(4.8) million and $14.2 million for the six months ended June 30, 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.