Item 3. Quantitative and Qualitative Disclosures About Market Risk
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
There have been no significant changes in our exposures to market risk since February 1, 2025. Refer to Part II, Item 7A— Quantitative and Qualitative Disclosures About Market Risk in our 2024 Form 10-K for a discussion on our exposures to market risk.
Interest Rate Risk
As described in our 2024 Form 10-K and in Note 9— Credit Facilities and Convertible Senior Notes of the condensed consolidated financial statements herein, we are subject to interest rate risk in connection with borrowings under the ABL Credit Agreement and the Term Loan Credit Agreement, as amended, since such borrowings bear interest at variable rates. We may also incur additional indebtedness that bears interest at variable rates. In addition, the real estate loan held by our VIE also bears interest at variable rates. We are also subject to interest rate risk through interest income received on our cash and cash equivalent balances.
There have been no material changes in our market risk exposures or how those exposures are managed from the information disclosed in our 2024 Form 10-K.
PART I. FINANCIAL INFORMATION
2025 THIRD QUARTER FORM 10-Q | 51
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