2 unchanged sentences
We are exposed to interest rate risk on our cash equivalents and marketable debt securities.
−Removed: As of September 30, 2025, we had cash equivalents and marketable debt securities of $419.6 million, consisting of highly liquid investments in money market funds, U.S.
+Added: As of March 31, 2026, we had cash equivalents and marketable debt securities of $336.5 million, consisting of highly liquid investments in money market funds, U.S.
Treasury securities, corporate bonds, and commercial paper.
1 unchanged sentence
Our investments are exposed to market risk due to fluctuations in interest rates, which may affect our interest income and the fair market value of our investments.
−Removed: However, due to the short-term nature and quality of investments in our portfolio, an immediate change in market interest rates of 100 basis points would not have a material impact on our consolidated financial statements.
+Added: However, due to the short-term nature and quality of
+Added: investments in our portfolio, an immediate change in market interest rates of 100 basis points would not have a material impact on our consolidated financial statements.
Foreign Currency Exchange Rate Risk
1 unchanged sentence
dollars at the applicable currency exchange rate for inclusion in our condensed consolidated financial statements.
−Removed: Foreign currency translation gain (loss) was de minimis and $0.5 million for the three months ended September 30, 2025 and 2024, respectively, and $3.5 million and $(2.7) million for the nine months ended September 30, 2025 and 2024, respectively.
−Removed: Foreign currency translation adjustments are accounted for as a component of accumulated other comprehensive income (loss) within stockholders’ equity.
+Added: Foreign currency translation gain (loss) was $(0.6) million and $0.8 million for the three months ended March 31, 2026 and 2025, respectively.
+Added: Foreign currency translation adjustments are accounted for as a component of accumulated other comprehensive income within stockholders’ equity.
Additionally, we have contracted with and may continue to contract with foreign customers, suppliers, and contractors.
3 unchanged sentences
Inflation generally affects us by increasing our cost of labor, laboratory supplies, consumables and equipment.
−Removed: We do not believe that inflation had a material effect on our business, financial condition or results of operations during the three and nine months ended September 30, 2025.
+Added: We do not believe that inflation had a material effect on our business, financial condition or results of operations during the three months ended March 31, 2026.
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.