v3.26.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 273 $ 221
Short-term investments 952 1,055
Other current assets 47 41
Total current assets 1,272 1,317
Property and equipment, net 115 103
Operating lease right-of-use assets 80 85
Acquisition related intangible assets, net 617 617
Long-term investments 52 183
Other assets 49 38
Total assets 2,185 2,343
Current liabilities:    
Operating lease liabilities, current 12 11
Other current liabilities 122 100
Total current liabilities 134 111
Operating lease liabilities, long-term 67 73
Derivative liabilities, long-term 16 15
Other liabilities 4 4
Total liabilities 221 203
Commitments and contingencies
Stockholders’ equity:    
Common stock - $0.00001 par value, 51,000 shares authorized, 1,956 and 1,943 shares issued and outstanding, respectively 0 0
Additional paid-in capital 7,361 7,312
Accumulated other comprehensive income 0 2
Accumulated deficit (5,397) (5,174)
Total stockholders’ equity 1,964 2,140
Total liabilities and stockholders’ equity $ 2,185 $ 2,343