v3.26.1
Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash, Cash Equivalents, and Restricted Cash Measured at Fair Value on a Recurring Basis
The following table summarizes, by major security type, our cash, cash equivalents, and restricted cash that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in thousands):
June 30, 2026December 31, 2025
Fair Value (1)
Cash$573,297 $708,788 
Level 1:
Restricted cash and cash equivalents:
Restricted cash$5,134 $8,461 
Money market funds541,588 469,017 
Time deposits1,237,102 878,035 
Total restricted cash and cash equivalents$1,783,824 $1,355,513 
Total cash, cash equivalents, and restricted cash$2,357,121 $2,064,301 
(1)    Due to the highly liquid nature of our investments, amortized cost approximates fair value.