What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2026-02-10 compared with 2025-02-10 · 1 added, 1 removed, 5 unchanged (29% of the section changed)

3 unchanged sentences

These investments are also subject to interest rate risk and will decrease in value if market interest rates increase.

As of December 31, 2024, marketable securities were $470.3 million.

As of December 31, 2025, our marketable securities were $482.8 million.

Due to the nature of these investments, if market interest rates were to increase immediately and uniformly by 10% from levels as of December 31, 2025, the decline in fair value would not be material.

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.