1 unchanged sentence
We are exposed to market risks in the ordinary course of our business, which primarily relate to fluctuations in the value of our investments, interest rates, foreign currency exchange, and inflation.
−Removed: As of September 30, 2024, we held publicly-traded equity securities valued at $8.3 million.
+Added: As of March 31, 2025, we held publicly-traded equity securities valued at $11.4 million.
We have sold, and may continue to sell, some or all of such equity securities.
These equity securities are often in early- or growth-stage companies that have minimal public trading history;
−Removed: as such the fair value of these equity securities, and the value of our equity holdings, may fluctuate depending on the financial outcome and prospects of the issuers, as well as global market conditions, including ongoing volatility related to the Russia-Ukraine and Israel conflicts, and heightened interest rates.
−Removed: As of September 30, 2024, we held privately-held equity securities valued at $52.6 million.
+Added: as such the fair value of these equity securities, and the value of our equity holdings, may fluctuate depending on the financial outcome and prospects of the issuers, as well as global market conditions including
+Added: ongoing volatility related to the Russia-Ukraine, and Israel and broader Middle East conflicts, heightened interest rates, or the imposition of tariffs or other impacts on trade relations.
+Added: As of March 31, 2025, we held privately-held equity securities valued at $104.5 million.
Valuations of our privately-held equity securities are complex due to, among other things, the lack of liquidity and the lack of readily available market data.
19 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.