v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income (loss) $ 2,844,008 $ 22,784 $ (340,320)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities      
Depreciation and amortization 135,227 148,892 116,513
Stock-based compensation 322,268 330,921 484,533
Deferred income tax (2,895,119) (1,876) (2,385)
Amortization of premium on marketable securities 307 284 117
Accretion of discount on marketable securities (69,236) (89,425) (68,125)
Amortization of debt discount and issuance costs 3,655 3,737 2,877
Loss (gain) on sale and disposal of assets, net 7,569 7,831 (11,278)
Gain on lease termination 0 (29,610) 0
Other (9,232) 2,469 (4,261)
Changes in operating assets and liabilities, net effects of acquisition      
Prepaid expenses and other assets (51,032) (76,440) (86,600)
Operating lease right-of-use assets 26,978 26,276 20,046
Accounts payable 21,684 21,712 (41,079)
Insurance reserves 479,033 363,524 (79,482)
Accrued and other liabilities 385,564 166,014 (73,508)
Lease liabilities (33,236) (47,356) (15,292)
Net cash provided by (used in) operating activities 1,168,438 849,737 (98,244)
Cash flows from investing activities      
Purchases of marketable securities (3,344,891) (4,177,429) (3,288,659)
Purchases of term deposits 0 (4,388) (3,539)
Proceeds from sales of marketable securities 728,435 232,910 452,465
Proceeds from maturities of marketable securities 3,329,579 3,415,318 3,481,042
Proceeds from maturities of term deposits 2,194 5,733 8,539
Purchases of property and equipment and scooter fleet (52,822) (83,470) (149,819)
Sales of property and equipment 52,893 92,045 92,594
Cash paid for acquisitions, net of cash acquired (307,320) 0 1,630
Other investing activities (1,330) 1,303 5,500
Net cash provided by (used in) investing activities 406,738 (517,978) 599,753
Cash flows from financing activities      
Repayment of loans (62,448) (84,070) (72,484)
Payment for settlement of convertible senior notes due 2025 (390,719) (350,000) 0
Proceeds from issuance of convertible senior notes 500,000 460,000  
Payment of debt issuance costs  (12,229) (11,888) 0
Purchase of capped calls (41,950) (47,886) 0
Repurchase of Class A common stock (499,992) (50,000) 0
Proceeds from exercise of stock options and other common stock issuances 14,861 15,051 10,993
Taxes paid related to net share settlement of equity awards (151,311) (40,328) (3,021)
Principal payments on finance lease obligations (41,250) (46,748) (43,466)
Contingent consideration paid 0 0 (14,100)
Other financing activities (490) 0 0
Net cash used in financing activities (685,528) (155,869) (122,078)
Effect of foreign exchange on cash, cash equivalents and restricted cash and cash equivalents 1,682 (1,636) 533
Net increase in cash, cash equivalents and restricted cash and cash equivalents 891,330 174,254 379,964
Beginning of period 946,040 771,786 391,822
End of period 1,837,370 946,040 771,786
Reconciliation of cash, cash equivalents and restricted cash and cash equivalents to the consolidated balance sheets      
Cash and cash equivalents 1,132,009 759,319 558,636
Restricted cash and cash equivalents 705,361 186,721 211,786
Restricted cash, included in prepaid expenses and other current assets 0 0 1,364
Total cash, cash equivalents and restricted cash and cash equivalents 1,837,370 946,040 771,786
Supplemental disclosures of cash flow information      
Cash paid for income taxes 7,261 11,207 9,425
Cash paid for interest 19,821 28,304 20,176
Non-cash investing and financing activities      
Financed vehicles acquired 78,134 83,600 127,095
Purchases of property and equipment and scooter fleet not yet settled 3,623 10,599 4,505
Right-of-use assets acquired under finance leases 30,338 45,207 79,102
Right-of-use assets acquired under operating leases 20,846 7,710 3,795
Remeasurement of finance and operating lease right-of-use assets (6,085) 54,689 (10,582)
Repurchase of Class A common stock, including excise tax, accrued and not yet paid $ 2,754 $ 0 $ 0