1 unchanged sentence
Interest Rate Risk
−Removed: We had cash, cash equivalents and available-for-sale securities of $363.8 million as of December 31, 2024.
+Added: We had cash, cash equivalents, and short-term and long-term investments of $3,336.8 million as of December 31, 2025.
We hold our cash and cash equivalents for working capital purposes.
4 unchanged sentences
To achieve this objective, we invest in highly liquid securities depending on our strategic cash needs.
−Removed: Due to the nature of these instruments, we believe that we do not have any material exposure to changes in the fair value due to changes in interest rates.
+Added: Due to the nature of these instruments, we believe that we do not have any material exposure to changes in
+Added: the fair value due to changes in interest rates.
Declines in interest rates, however, would reduce our future interest income.
6 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.