4 unchanged sentences
Interest Rate Risk
−Removed: We are exposed to interest rate risk through fluctuations of interest rates on our cash, cash equivalents, restricted cash, and our floating rate debt.
−Removed: As of December 31, 2024 , we had cash , cash equivalents , and restricted cash of $349.7 million, which consist s of cash on hand and highly liquid investments in money market instruments.
+Added: We are exposed to interest rate risk through fluctuations of interest rates on our cash and cash equivalents and our floating rate debt.
+Added: As of December 31, 2025 , we had cash and cash equivalents of $186.6 million, which consist s of cash on hand and highly liquid investments in money market instruments.
Our cash is held for working capital purposes, and we do not enter into investments for trading or speculative purposes.
−Removed: Changes in interest rates may affect the interest income we earn, and therefore impact our cash flows and results of operations.
−Removed: However, due to the short-term durations and nature of our cash holdings, we do not believe a hypothetical 10% increase or decrease in interest rates would have had a material impact on our consolidated financial statements as of December 31, 2024.
−Removed: Our line of credit bears interest at floating interest rates.
+Added: Changes in interest rates affect the interest income we earn, and therefore impact our cash flows and results of operations.
+Added: However, due to the short-term durations and nature of our cash holdings, we do not believe a hypothetical 10% increase or decrease in interest rates would have had a material impact on our financial statements as of December 31, 2025.
+Added: Our line of credit bears interest at floating rates.
Accordingly, if we incur debt in the future, including under the 2024 Credit Facility, our borrowing costs could increase if interest rates rise in the future.
3 unchanged sentences
Nonetheless, if our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs.
−Removed: Our inability or failure to do so could harm our business, financial condition, results of operations, or prospects.
+Added: Our inability or failure to do so could harm our business, financial condition, and results of operations.
Table o f Contents
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.