2 unchanged sentences
We are exposed to market risk related to changes in interest rates related primarily to our cash, cash equivalents and marketable securities.
−Removed: We had cash, cash equivalents, and restricted cash of $137.2 a s of March 31, 2025, which consisted primarily of bank deposits, money market funds and marketable securities.
+Added: We had cash, cash equivalents, and restricted cash of $130.8 a s of June 30, 2025, which consisted primarily of bank deposits, money market funds and marketable securities.
+Added: As of June 30, 2025, we had short-term marketable securities of $475.3 million.
Our marketable securities are held in U.S.
government treasury bills.
−Removed: As of March 31, 2025, we had short-term marketable securities of $540.7 million.
Our primary exposure to market risk is interest income sensitivity, which is affected by changes in the general level of the interest rates in the United States.
2 unchanged sentences
Our investments are subject to interest rate risk and could fall in value if market interest rates increase.
−Removed: Due to the short-term duration of our investment portfolio and the low-risk profile of our investments, a hypothetical 10% relative change in interest rates during any of the periods presented would not have had a material impact on our Condensed Consolidated Financial Statements.
+Added: Due to the short-term duration of our investment portfolio and the low-risk profile of our investments, a hypothetical 10% relative change in interest rates during any of the periods presented would not have had a material impact on our unaudited Condensed Consolidated Financial Statements.
Foreign Currency Sensitivity
5 unchanged sentences
We do not currently engage in any hedging activity to reduce our potential exposure to currency fluctuations, although we may choose to do so in the future.
−Removed: A hypothetical 10% change in foreign exchange rates during any of the periods presented would not have had a material impact on our Condensed Consolidated Financial Statements.
+Added: A hypothetical 10% change in foreign exchange rates during any of the periods presented would not have had a material impact on our unaudited Condensed Consolidated Financial Statements.
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.