v3.26.1
Additional Financial Information
 3 Months Ended
Mar. 31, 2026
Additional Financial Information [Abstract]  
Additional Financial Information Additional Financial Information
The following table provides a summary of the amounts recorded as cash, cash equivalents and restricted cash.
As of
March 31,
2026		December 31,
2025
Cash and cash equivalents$629,108 $507,776 
Restricted cash1,043 13,488 
Total cash, cash equivalents and restricted cash
$630,151 $521,264 
The Company’s cash equivalents consist of money market accounts, time deposits and U.S. treasury bills of $604,525 and $99,433 as of March 31, 2026 and December 31, 2025, respectively. Cash, cash equivalents, and restricted cash are measured at fair value within Level I of the fair value hierarchy on a recurring basis using observable inputs that reflect quoted prices for identical assets in active markets. The Company’s restricted cash includes cash deposited in escrow accounts. The Company has deposited cash in interest-bearing escrow accounts related to collateral for its operating leases, and general liability insurance obligations.
Prepaid expenses and other current assets consisted of the following:
As of
March 31,
2026		December 31,
2025
Prepaid expenses$26,370 $38,543 
Other receivables
7,301 10,839 
Inventory18,342 14,453 
Deferred costs, current9,872 17,627 
Other9,770 11,362 
Total prepaid expenses and other current assets$71,655 $92,824 
Accrued expenses and other current liabilities consisted of the following:
As of
March 31,
2026		December 31,
2025
Accrued payroll and employee related liabilities$33,687 $63,542 
Cash due to promoters187,414 163,499 
Capital expenditure accruals
127,512 130,061 
Accrued legal fees 20,031 19,361 
Other accrued expenses58,416 55,014 
Total Accrued expenses and other current liabilities$427,060 $431,477 
Income Taxes
During the three months ended March 31, 2026 and 2025, the Company made income tax payments, net of refunds, of $882 and $627, respectively.