CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 678	$ 768
Short-term investments	105	527
Accounts receivable, net	153	149
Mortgage loans held for sale	361	386
Prepaid expenses and other current assets	357	287
Restricted cash	5	5
Total current assets	1,659	2,122
Contract cost assets	27	27
Property and equipment, net	352	350
Right of use assets	59	56
Goodwill	2,823	2,823
Intangible assets, net	272	279
Other assets	34	28
Total assets	5,226	5,685
Current liabilities:
Accounts payable	68	36
Accrued expenses and other current liabilities	163	134
Accrued compensation and benefits	70	62
Borrowings under master repurchase agreements	335	364
Deferred revenue	74	69
Lease liabilities, current portion	14	14
Total current liabilities	724	679
Lease liabilities, net of current portion	80	79
Other long-term liabilities	14	43
Total liabilities	818	801
Commitments and contingencies (Note 11)
Shareholders’ equity:
Preferred stock, $0.0001 par value; authorized — 30,000,000 shares; no shares issued and outstanding	0	0
Additional paid-in capital	6,221	6,741
Accumulated other comprehensive income	0	2
Accumulated deficit	(1,813)	(1,859)
Total shareholders’ equity	4,408	4,884
Total liabilities and shareholders’ equity	5,226	5,685
Class A common stock
Shareholders’ equity:
Common stock/capital stock	0	0
Class B common Stock
Shareholders’ equity:
Common stock/capital stock	0	0
Class C capital stock
Shareholders’ equity:
Common stock/capital stock	$ 0	$ 0

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.