10 unchanged sentences
Interest Rate Risk
−Removed: As of December 31, 2024, we had cash, cash equivalents, restricted cash and short-term investments of approximately $174.6 million, of which $24.7 million consisted of institutional money market funds, $56.9 million consisted of commercial paper, and $69.6 million consisted of corporate debt and U.S.
−Removed: government agency securities, all of which carries a degree of interest rate risk.
+Added: As of December 31, 2025, we had cash, cash equivalents, restricted cash and short-term investments of approximately $211.2 million, of which $54.5 million consisted of institutional money market funds, $68.3 million consisted of commercial paper, and $72.8 million consisted of corporate debt, all of which carries a degree of interest rate risk.
The primary goals of our investment policy are liquidity and capital preservation.
5 unchanged sentences
As of December 31, 2025, we had no debt outstanding and therefore are not exposed to interest rate risk with respect to debt.
+Added: Table of C ontents
Foreign Currency Exchange Risk
10 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.