Quantitative and Qualitative Disclosures About Market Risk
−Removed: As of December 31, 2024, our cash equivalents and marketable securities consisted of investments in money market funds, asset-backed securities, U.S.
−Removed: Treasury securities, corporate debt securities and agency bonds.
+Added: As of December 31, 2025, our cash equivalents and marketable securities consisted of investments in money market funds and U.S.
+Added: Treasury securities.
These investments were made in accordance with our investment policy which specifies the categories, allocations, and ratings of securities we may consider for investment.
16 unchanged sentences
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.