3 unchanged sentences
Interest Rate Risk
−Removed: We had cash, cash equivalents, and short-term investments totaling $1.1 billion as of December 31, 2024.
−Removed: The fair value of our cash, cash equivalents, and short-term investments would not be significantly affected by either an i ncrease or decrease in interest rates due to the short-term maturities of the majority of these instruments.
−Removed: Because we classify our short-term investments as “available-for-sale”, no gains or losses are recognized in the Consolidated Statement of Operations and Comprehensive Loss due to changes in interest rates unless such securities are sold prior to maturity or declines in fair value are due to credit losses.
+Added: We had cash, cash equivalents, and short-term investments totaling $771.9 million as of December 31, 2025.
+Added: The fair value of our cash, cash equivalents, and short-term investments would not be significantly affected by either an i ncrease or decrease in interest rates due to the short-term maturities of these instruments.
+Added: Because we classify our short-term investments as “available-for-sale”, no gains or losses are recognized in the Consolidated Statement of Operations and Comprehensive (Loss) Income due to changes in interest rates unless such securities are sold prior to maturity or declines in fair value are due to credit losses.
We have the ability to hold all short-term investments until their maturities.
1 unchanged sentence
Foreign Currency Exchange Risk
−Removed: Most of our sales and operating expenses are denominated in U.S.
+Added: The majority of our sales and operating expenses are denominated in U.S.
dollars, and therefore our results of operations are not currently subject to significant foreign currency risk.
1 unchanged sentence
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.