6 unchanged sentences
To achieve our objectives, we maintain a portfolio of investments in high-credit-quality securities.
−Removed: As of March 31, 2026, we had cash, cash equivalents and short-term investments of $135.3 million.
+Added: As of June 30, 2026, we had cash, cash equivalents and short-term investments of $132.0 million.
In accordance with our investment policy, we invest funds in highly liquid, investment-grade securities.
4 unchanged sentences
Convertible Notes, Term Debt, and Embedded Derivatives
−Removed: As of March 31, 2026, we had fixed-rate borrowings from our 2029 Notes, and as of December 31, 2025, we had fixed-rate borrowings from our 2026 Notes and 2029 Notes.
+Added: As of June 30, 2026, we had fixed-rate borrowings from our 2029 Notes, and as of December 31, 2025, we had fixed-rate borrowings from our 2026 Notes and 2029 Notes.
We record all our fixed-rate borrowings at carrying value and, therefore, do not experience any risk for changes in interest rates.
4 unchanged sentences
In addition, a decrease in interest rates could increase the valuation of the derivative.
−Removed: As of March 31, 2026, a 20% decrease or increase in our stock price would result in an approximate $23.8 million change in the fair value of the 2029 Notes embedded derivative within the range of $60.2 million to $107.0 million.
+Added: As of June 30, 2026, a 20% decrease or increase in our stock price would result in an approximate $15.8 million change in the fair value of the 2029 Notes embedded derivative within the range of $40.4 million to $71.0 million.
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.