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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2026-02-19 compared with 2025-02-21 · 1 added, 1 removed, 20 unchanged (9% of the section changed)
6 unchanged sentences
Our marketable debt securities are subject to interest rate risk and will fall in value if market interest rates continue to increase.
−Removed: Due to the short-term duration of our investment portfolio and the low risk profile of our investments, a change in interest rates of 100 basis points would have approximately a $1.7 million impact on our investments.
+Added: Due to the short-term duration of our investment portfolio and the low risk profile of our investments, a change in interest rates of 100 basis points on December 31, 2025 would have had approximately a $1.1 million impact on our investments.
The marketable debt securities held in our investment portfolio may subject us to credit risk, though our investment policy limits interest-bearing security investments to certain types of instruments issued by institutions with primarily investment grade credit ratings and places restrictions on maturities and concentration by asset class and issuer.
12 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.