v3.26.1
2. Cash, Cash Equivalents, and Marketable Securities (Notes)
 6 Months Ended
Jun. 30, 2026
Cash, Cash Equivalents, and Short-Term Investments [Abstract]  
Cash, Cash Equivalent, and Marketable Security
2. Cash, Cash Equivalents, and Marketable Securities

Cash, cash equivalents, and marketable securities consisted of the following at June 30, 2026 and December 31, 2025 (in thousands):
June 30,
2026		December 31,
2025
Cash and cash equivalents:
Cash$1,641,384 $2,606,319 
Money market funds46,895 197,195 
Total cash and cash equivalents1,688,279 2,803,514 
Marketable securities:
Time deposits38,685 42,562 
U.S. debt— 9,287 
Total marketable securities38,685 51,849 
Total cash, cash equivalents, and marketable securities$1,726,964 $2,855,363 
The following table provides a reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents reported within our condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025 to the total of such amounts as presented in the condensed consolidated statements of cash flows (in thousands):
Balance Sheet Line ItemJune 30,
2026		December 31,
2025
Cash and cash equivalentsCash and cash equivalents$1,688,279 $2,803,514 
Restricted cash – noncurrent
Other assets3,747 3,617 
Restricted cash equivalents – noncurrentOther assets10,506 6,900 
Total cash, cash equivalents, restricted cash, and restricted cash equivalents$1,702,532 $2,814,031 

During the six months ended June 30, 2026, we sold marketable securities for proceeds of $4.3 million and realized a loss of $0.7 million on such sales. See Note 8. “Fair Value Measurements” to our condensed consolidated financial statements for information about the fair value of our marketable securities.

The following tables summarize the unrealized gains and losses related to our available-for-sale marketable securities, by major security type, as of June 30, 2026 and December 31, 2025 (in thousands):
 As of June 30, 2026
Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value
Time deposits$38,685 $— $— $38,685 
Total$38,685 $— $— $38,685 
 As of December 31, 2025
Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value
Time deposits$42,562 $— $— $42,562 
U.S. debt10,000 — 713 9,287 
Total$52,562 $— $713 $51,849 

As of June 30, 2026, the contractual maturities of our marketable securities were within one year.