3 unchanged sentences
We are exposed to market risk related to changes in interest rates.
−Removed: However, based on the nature and current level of our cash, cash equivalents, and investments, we believe there is no material risk exposure.
+Added: We may choose based on our investment strategy to hold cash, cash equivalents, and investments in interest-bearing or non-interest-bearing accounts.
+Added: Based upon a sensitivity model, an immediate hypothetical 50-basis point change in interest rates at March 31, 2025, based upon interest-bearing balances at March 31, 2025, would have resulted in a $0.1 million impact on our investment income included in net income (loss) for the three months ended March 31, 2025.
We do not enter into investments for trading or speculative purposes.
−Removed: We did not have any variable interest rate outstanding debt as of September 30, 2024.
−Removed: Therefore, we do not have any material risk to interest rate fluctuations.
+Added: We did not have any variable interest rate outstanding debt as of March 31, 2025.
+Added: SPS COMMERCE, INC.
+Added: Form 10-Q for the Quarterly Period ended March 31, 2025
Foreign Currency Exchange Risk
6 unchanged sentences
Our expenses are generally denominated in the local currencies in which our operations are located.
−Removed: As of September 30, 2024, we maintained 15% of our total cash and cash equivalents and investments in foreign currencies.
−Removed: We believe that a hypothetical 10% change in foreign currency exchange rates or an inability to access foreign funds would not materially affect our ability to meet our operational needs or result in a material foreign currency impact classified within net income (loss).
+Added: As of March 31, 2025, we maintained 12% of our total cash and cash equivalents in foreign currencies.
+Added: Based upon a sensitivity model, an immediate hypothetical 10% unfavorable change in all foreign currency exchange rates would have resulted in a $1.1 million impact on our cash and cash equivalents held in currencies other than the U.S.
+Added: dollar as of March 31, 2025.
We have not used any forward contracts or currency borrowings to hedge our exposure to foreign currency exchange risk, although we may do so in the future.
+Added: During the three months ended March 31, 2025, inflation and changing prices have not had a material effect on our business and we do not expect that inflation or changing prices will materially affect our business in the foreseeable future.
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.