| Schedule of Cash, Cash Equivalents, Restricted Cash and Short-term Investments |
The following tables summarize the Company's cash, cash equivalents, restricted cash and short-term investments as of December 31, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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(1) | 594,469 | | | — | | | — | | | 594,469 | | | 565,791 | | | 28,678 | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 9,067,872 | | | $ | — | | | $ | — | | | $ | 9,067,872 | | | $ | 9,033,681 | | | $ | 28,678 | | | $ | 5,369 | | | $ | 144 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2024 | | | 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 | $ | 4,866,753 | | | $ | — | | | $ | — | | | $ | 4,866,753 | | | $ | 4,864,207 | | | $ | — | | | $ | 2,472 | | | $ | 74 | | | Level 1 securities: | | | | | | | | | | | | | | | | | Money market funds | 2,676,314 | | | — | | | — | | | 2,676,314 | | | 2,676,256 | | | — | | | — | | | 58 | | | Level 2 securities: | | | | | | | | | | | | | | | | Time Deposits(1) | 301,374 | | | — | | | — | | | 301,374 | | | 264,270 | | | 37,104 | | | — | | | — | | | Government securities | 1,738,642 | | | 3,260 | | | | | 1,741,902 | | | — | | | 1,741,902 | | | — | | | — | | | $ | 9,583,083 | | | $ | 3,260 | | | $ | — | | | $ | 9,586,343 | | | $ | 7,804,733 | | | $ | 1,779,006 | | | $ | 2,472 | | | $ | 132 | |
(1) The majority of the Company's time deposits are international deposits, which mature within one year.
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