1 unchanged sentence
We are exposed to a variety of market risks, including fluctuations in foreign currency exchange rates and interest rates affecting the return on our cash, cash equivalents, and marketable securities.
−Removed: Table of Cont ents
Foreign Currency Exchange Risk
As we expand internationally, our results of operations and cash flows will become increasingly subject to foreign exchange rate fluctuations.
−Removed: For both years ended December 31, 2024 and 2023 , approximately 37% and 38%, respectively, of our total revenue was generated from customers located outside of the United States.
−Removed: Our expenses are generally denominated in the currencies in which our operations are located, which is primarily in the United States, with a portion of expenses incurred in Canada, Europe, Japan, and China.
+Added: For the years ended December 31, 2025 and 2024, approximately 40% and 37%, respectively, of our total revenue was generated from customers located outside of the United States.
+Added: Our expenses are generally denominated in the currencies in which our operations are located, which is primarily in the United States, with a portion of expenses incurred in Canada, China, Europe, and Japan.
Our results of operations and cash flows are, therefore, subject to fluctuations due to changes in foreign exchange rates in Canadian dollars, Euros, British pounds, Swedish krona, Japanese yen, Chinese yuan, and other foreign currencies.
7 unchanged sentences
Treasuries, corporate notes and bonds, U.S.
−Removed: Government agency bonds, certificates of deposit, and similar types of debt securities.
+Added: Government agency bonds, and similar types of debt securities.
Due to the short-term nature and investment grade quality of these investments, we do not believe we have material exposure to changes in interest rates.
7 unchanged sentences
Not applicable.
−Removed: Table of Cont ents
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.