RNG — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-10-23

• We have been actively implementing various measures to enhance operational efficiencies, expand margins and free cash flows while optimizing our working capital requirements. These measures include disciplined hiring and stock grants, expanded use of offshore service providers, vendor consolidation,…

• During the three months ended September 30, 2026, we released $544.9 million of the valuation allowance against our U.S. deferred tax assets, which resulted in a non-cash income tax benefit in the period. Refer to Note 12, Income Taxes, in the accompanying notes to the Condensed Consolidated Financi…

• Three Months Ended September 30,Nine Months Ended September 30,

• Three Months Ended September 30,Nine Months Ended September 30,

• Cost of other revenues decreased by $10.8 million, or 13%, and gross margins improved, for the nine months ended September 30, 2026, as compared to the respective prior year period, primarily due to $6.7 million reduction in personnel costs, and $2.8 million decrease in professional fees.

Text removed vs the prior filing · source: 10-Q · 2026-07-23

• We have been actively implementing various measures to enhance operational efficiencies, expand margins and free cash flows while optimizing our working capital requirements. These measures include disciplined hiring, expanded use of offshore service providers, vendor consolidation, optimization of …

• Due to recent profitability, a reversal of our valuation allowance in certain jurisdictions in the foreseeable future is reasonably possible which would result in income tax benefit for the period in which we reduce the valuation allowance.

• General and administrative expenses remained relatively flat for the three months ended June 30, 2026, as compared to the respective prior year period as the increases in professional fees and overhead costs were partially offset by a $3.9 million reduction in share-based compensation due to lower n…

• General and administrative expenses decreased by $3.2 million, or (3)%, for the six months ended June 30, 2026, as compared to the respective prior year period. This decrease was primarily driven by a $9.1 million reduction in share-based compensation resulting from lower new grant activity, partial…

• Other income (expense). Other income (expense) increased by $15.5 million for the three months ended June 30, 2026, as compared to the respective prior year, primarily due to a $15.0 million net gain recognized in connection with an amended agreement with a partner.

Text added vs the prior filing · source: 10-Q · 2026-10-23

• As of September 30, 2026, we had cash and cash equivalents of $110.1 million. We invest our cash and cash equivalents in short-term money market funds. The carrying amount of our cash equivalents reasonably approximates fair values. Due to the short-term nature of our money-market funds, we believe …

• interest rate volatility in the current macroeconomic environment. For the three and nine months ended September 30, 2026, a hypothetical 10% increase or decrease in overall interest rates would not have had a material impact on our interest income.

Text removed vs the prior filing · source: 10-Q · 2026-07-23

• As of June 30, 2026, we had cash and cash equivalents of $111.5 million. We invest our cash and cash equivalents in short-term money market funds. The carrying amount of our cash equivalents reasonably approximates fair values. Due to the

• short-term nature of our money-market funds, we believe that exposure to changes in interest rates will not have a material impact on the fair value of our cash equivalents. Interest income may further fluctuate in the future due to interest rate volatility in the current macroeconomic environment. …

Text added vs the prior filing · source: 10-Q · 2026-10-23

• Further, the incorporation of AI-powered features into our solutions will subject us to new or enhanced governmental or regulatory scrutiny, data privacy and information security laws, AI-specific laws, litigation, including class-action suits, confidentiality or security risks, ethical concerns, or…

• fines or penalties, subject us to litigation, require us to change our business practices, or prevent or limit our use of AI technologies. For example, the Federal Trade Commission (“FTC”) has required some companies to delete models and algorithms generated through the use of AI technologies where …

• We use foundational LLMs developed and operated by third parties in our products and internal operations. We do not control the availability, pricing, or terms of use of these models, and some of these providers offer or may offer competing products. A limited number of providers supply the models o…

• If we fail to maintain relationships with our channel partners, GSPs and strategic partners or fail to develop new and expanded relationships in existing or new markets, or if our networks of indirect channel relationships are not successful in their sales efforts, sales of our subscriptions may dec…

• expenditures than we currently anticipate in order to compensate for this higher turnover by increasing the number of new customers or upselling existing customers, and such additional marketing and/or sales expenditures could harm our business and results of operations.

Text removed vs the prior filing · source: 10-Q · 2026-07-23

• Further, the incorporation of AI-powered features into our solutions will subject us to new or enhanced governmental or regulatory scrutiny, data privacy and information security laws, litigation, including class-action suits, confidentiality or security risks, ethical concerns, or other complicatio…

• intellectual property misappropriation. In addition, the cost to comply with such laws or regulations could be significant and would increase our operating expenses, which could harm our business, reputation, financial condition and results of operations.

• If we fail to maintain relationships with our channel partners, GSPs and strategic partners or fail to develop new and expanded relationships in existing or new markets, or if our networks of indirect channel relationships are not successful in their

• sales efforts, sales of our subscriptions may decrease and our operating results would suffer. In addition, we may not be successful in managing, training, and providing appropriate incentives to our existing resellers and other channel partners, GSPs and strategic partners, and they may not be able…

• and such effects may continue. Geopolitical destabilization could impact global currency exchange rates, supply chains, trade and movement of resources, the price of commodities such as energy, as well as demand for our products and services, which may adversely affect the technology spending of our…

Text added vs the prior filing · source: 10-Q · 2026-10-23

• During our last fiscal quarter, the following officers adopted a “Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, as follows:

• On September 15, 2026, Mahmoud ElAssir, a member of our board of directors, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of up to 10,118 shares of Class A common stock. The number of shares that may be sold under the trading arrangement may also be increased by …

• On August 21, 2026, Amy Guggenheim Shenkan, a member of our board of directors, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of up to 9,560 shares of Class A common stock (the “August 2026 Trading Plan”). The number of shares that may be sold under the August 20…

• On August 14, 2026, Vaibhav Agarwal, our Chief Financial Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of up to 128,286 shares of Class A common stock (the “August 2026 Trading Plan”). The number of shares that may be sold under the August 2026 Trading P…

Text removed vs the prior filing · source: 10-Q · 2026-07-23

• During our last fiscal quarter, the following officers adopted a “Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, as follows: On June 12, 2026, Kira Makagon, our President and Chief Operating Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time…

• The number of shares that may be sold under the trading arrangement may also be increased by the number of shares of the company’s Class A common stock, if any (not yet determinable) that are awarded to Ms. Makagon under the company’s employee equity bonus and executive equity compensation plans. Th…

• On May 22, 2026, Tarun Arora, our Chief Accounting Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of up to 83,269 shares of Class A common stock. The number of shares that may be sold under the trading arrangement may also be increased by the number of sh…