| 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 June 30, 2026 and December 31, 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of June 30, 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 | $ | 4,041,113 | | | $ | — | | | $ | — | | | $ | 4,041,113 | | | $ | 4,037,620 | | | $ | — | | | $ | 3,411 | | | $ | 82 | | | Level 1 securities: | | | | | | | | | | | | | | | | | Money market funds | 4,265,397 | | | — | | | — | | | 4,265,397 | | | 4,265,336 | | | — | | | — | | | 61 | | | Level 2 securities: | | | | | | | | | | | | | | | | Time deposits | 824,954 | | | — | | | — | | | 824,954 | | | 796,276 | | | 28,678 | | | — | | | — | | | | | | | | | | | | | | | | | | | $ | 9,131,464 | | | $ | — | | | $ | — | | | $ | 9,131,464 | | | $ | 9,099,232 | | | $ | 28,678 | | | $ | 3,411 | | | $ | 143 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | |
|
| 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 June 30, 2026 and December 31, 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of June 30, 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 | $ | 4,041,113 | | | $ | — | | | $ | — | | | $ | 4,041,113 | | | $ | 4,037,620 | | | $ | — | | | $ | 3,411 | | | $ | 82 | | | Level 1 securities: | | | | | | | | | | | | | | | | | Money market funds | 4,265,397 | | | — | | | — | | | 4,265,397 | | | 4,265,336 | | | — | | | — | | | 61 | | | Level 2 securities: | | | | | | | | | | | | | | | | Time deposits | 824,954 | | | — | | | — | | | 824,954 | | | 796,276 | | | 28,678 | | | — | | | — | | | | | | | | | | | | | | | | | | | $ | 9,131,464 | | | $ | — | | | $ | — | | | $ | 9,131,464 | | | $ | 9,099,232 | | | $ | 28,678 | | | $ | 3,411 | | | $ | 143 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | |
|