v3.25.4
Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash, Cash Equivalents, and Restricted Cash Measured at Fair Value on a Recurring Basis
The following table summarizes, by major security type, our cash, cash equivalents, and restricted cash that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in thousands):
December 31, 2025December 31, 2024
Fair Value (1)
Cash$708,788 $995,802 
Level 1:
Restricted cash and cash equivalents:
Restricted cash$8,461 $10,209 
Money market funds469,017 327,333 
Time deposits878,035 194,537 
Total restricted cash and cash equivalents$1,355,513 $532,079 
Total cash, cash equivalents, and restricted cash$2,064,301 $1,527,881 
(1)    Due to the highly liquid nature of our investments, amortized cost approximates fair value.