Quantitative and Qualitative Disclosures about Market Risk
−Removed: Other than the 2025 Term Loan, we do not have any financial instruments that are exposed to significant market risk.
+Added: We are exposed to market risks as a result of changes to interest rates.
+Added: Interest Rate Risk
+Added: Other than our 2025 Credit Facility, we do not have any financial instruments that are exposed to significant market risk.
We maintain our cash and cash equivalents in bank deposits and short-term, highly liquid money market investments.
−Removed: A hypothetical 100-basis point increase or decrease in market interest rates would not have a material impact on the fair value of our cash equivalents securities, or our earnings on such cash equivalents, but would have a $4.0 million annual effect on the interest paid on borrowings under the 2025 Term Loan.
−Removed: As of May 1, 2026, the Company had $398.0 million outstanding on its 2025 Term Loan Facility, and there were no outstanding borrowings under its 2025 Revolving Credit Facility.
−Removed: Fluctuations in interest rates affect consumer demand for new mortgages, the level of refinancing activity and other loan products which, in turn, affects lender demand for leads.
+Added: A hypothetical 100-basis point increase or decrease in market interest rates would not have a material impact on the fair value of our cash equivalents securities, or our earnings on such cash equivalents, but would have a $4.0 million annual effect on the interest paid on borrowings under the 2025 Credit Facility.
+Added: As of July 30, 2026, the Company had $397.0 million outstanding on its 2025 Term Loan, and there were no outstanding borrowings under its 2025 Revolving Facility.
+Added: Fluctuations in interest rates affect consumer demand for new mortgages and the level of refinancing activity which, in turn, affects lender demand for mortgage leads.
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.