v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 768 $ 1,082
Short-term investments 527 776
Accounts receivable, net 149 104
Mortgage loans held for sale 386 159
Prepaid expenses and other current assets 287 210
Restricted cash 5 3
Total current assets 2,122 2,334
Contract cost assets 27 25
Property and equipment, net 350 360
Right of use assets 56 59
Goodwill 2,823 2,823
Intangible assets, net 279 207
Other assets 28 21
Total assets 5,685 5,829
Current liabilities:    
Accounts payable 36 30
Accrued expenses and other current liabilities 134 105
Accrued compensation and benefits 62 57
Borrowings under credit facilities 364 145
Deferred revenue 69 62
Lease liabilities, current portion 14 14
Convertible senior notes 0 418
Total current liabilities 679 831
Lease liabilities, net of current portion 79 83
Other long-term liabilities 43 67
Total liabilities 801 981
Commitments and contingencies (Note 13)
Shareholders’ equity:    
Preferred stock, $0.0001 par value; authorized — 30,000,000 shares; no shares issued and outstanding 0 0
Common stock/capital stock 0 0
Additional paid-in capital 6,741 6,733
Accumulated other comprehensive income (loss) 2 (3)
Accumulated deficit (1,859) (1,882)
Total shareholders’ equity 4,884 4,848
Total liabilities and shareholders’ equity 5,685 5,829
Class B Common Stock    
Shareholders’ equity:    
Common stock/capital stock 0 0
Class C capital stock    
Shareholders’ equity:    
Common stock/capital stock $ 0 $ 0