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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2026-03-03 compared with 2025-02-28 · 1 added, 3 removed, 9 unchanged (31% of the section changed)
2 unchanged sentences
We are exposed to market risk related to changes in interest rates of our investment portfolio of cash equivalents and short-term investments.
−Removed: As of December 31, 2024, we held cash and cash equivalents, investments, and restricted
−Removed: cash $204.5 million.
−Removed: Our primary exposure to market risk is interest income sensitivity, which is affected by changes in the general level of U.S.
+Added: As of December 31, 2025, we held cash and cash equivalents, investments, and restricted cash, which are exposed to interest income sensitivity affected by changes in the general level of U.S.
interest rates.
5 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.