| Schedule of Cash, Restricted Cash and Short-term Investments |
The following tables summarize the Company's cash, cash equivalents, restricted cash and short-term investments as of March 31, 2026 and December 31, 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of March 31, 2026 | | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | | Cash and Cash Equivalents | | Short-term Investments | | Other Current Assets | | Non-current Assets | | | (in thousands) | | Cash | $ | 3,871,956 | | | $ | — | | | $ | — | | | $ | 3,871,956 | | | $ | 3,864,916 | | | $ | — | | | $ | 6,957 | | | $ | 83 | | | Level 1 securities: | | | | | | | | | | | | | | | | | Money market funds | 7,754,592 | | | — | | | — | | | 7,754,592 | | | 7,754,531 | | | — | | | — | | | 61 | | | Level 2 securities: | | | | | | | | | | | | | | | | Time deposits | 669,003 | | | — | | | — | | | 669,003 | | | 640,325 | | | 28,678 | | | — | | | — | | | | | | | | | | | | | | | | | | | $ | 12,295,551 | | | $ | — | | | $ | — | | | $ | 12,295,551 | | | $ | 12,259,772 | | | $ | 28,678 | | | $ | 6,957 | | | $ | 144 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2025 | | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | | Cash and Cash Equivalents | | Short-term Investments | | Other Current Assets | | Non-current Assets | | | (in thousands) | | Cash | $ | 5,214,163 | | | $ | — | | | $ | — | | | $ | 5,214,163 | | | $ | 5,208,710 | | | $ | — | | | $ | 5,369 | | | $ | 84 | | | Level 1 securities: | | | | | | | | | | | | | | | | | Money market funds | 3,259,240 | | | — | | | — | | | 3,259,240 | | | 3,259,180 | | | — | | | — | | | 60 | | | Level 2 securities: | | | | | | | | | | | | | | | | Time deposits | 594,469 | | | — | | | — | | | 594,469 | | | 565,791 | | | 28,678 | | | — | | | — | | | $ | 9,067,872 | | | $ | — | | | $ | — | | | $ | 9,067,872 | | | $ | 9,033,681 | | | $ | 28,678 | | | $ | 5,369 | | | $ | 144 | |
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| Schedule of Cash, Restricted Cash and Short-term Investments |
The following tables summarize the Company's cash, cash equivalents, restricted cash and short-term investments as of March 31, 2026 and December 31, 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of March 31, 2026 | | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | | Cash and Cash Equivalents | | Short-term Investments | | Other Current Assets | | Non-current Assets | | | (in thousands) | | Cash | $ | 3,871,956 | | | $ | — | | | $ | — | | | $ | 3,871,956 | | | $ | 3,864,916 | | | $ | — | | | $ | 6,957 | | | $ | 83 | | | Level 1 securities: | | | | | | | | | | | | | | | | | Money market funds | 7,754,592 | | | — | | | — | | | 7,754,592 | | | 7,754,531 | | | — | | | — | | | 61 | | | Level 2 securities: | | | | | | | | | | | | | | | | Time deposits | 669,003 | | | — | | | — | | | 669,003 | | | 640,325 | | | 28,678 | | | — | | | — | | | | | | | | | | | | | | | | | | | $ | 12,295,551 | | | $ | — | | | $ | — | | | $ | 12,295,551 | | | $ | 12,259,772 | | | $ | 28,678 | | | $ | 6,957 | | | $ | 144 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2025 | | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | | Cash and Cash Equivalents | | Short-term Investments | | Other Current Assets | | Non-current Assets | | | (in thousands) | | Cash | $ | 5,214,163 | | | $ | — | | | $ | — | | | $ | 5,214,163 | | | $ | 5,208,710 | | | $ | — | | | $ | 5,369 | | | $ | 84 | | | Level 1 securities: | | | | | | | | | | | | | | | | | Money market funds | 3,259,240 | | | — | | | — | | | 3,259,240 | | | 3,259,180 | | | — | | | — | | | 60 | | | Level 2 securities: | | | | | | | | | | | | | | | | Time deposits | 594,469 | | | — | | | — | | | 594,469 | | | 565,791 | | | 28,678 | | | — | | | — | | | $ | 9,067,872 | | | $ | — | | | $ | — | | | $ | 9,067,872 | | | $ | 9,033,681 | | | $ | 28,678 | | | $ | 5,369 | | | $ | 144 | |
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