v3.25.4
Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Stock-based compensation $ 438,684 $ 440,889
Tax credits and net operating loss carryforwards 835,529 834,402
Capitalized research expenses 969,243 1,075,474
Accruals and reserves 370,568 152,142
Operating lease liabilities 520,170 522,489
OCI hedging losses 116,492 0
Unrealized losses 41,988 12,157
Other 29,426 18,197
Total deferred tax assets 3,322,100 3,055,750
Valuation allowance (617,575) (540,272)
Net deferred tax assets 2,704,525 2,515,478
Deferred tax liabilities:    
Depreciation & amortization (32,780) (370,709)
Operating right-of-use lease assets (448,313) (449,661)
OCI hedging gains 0 (220,009)
Acquired intangibles (261,493) (282,187)
Other (7,136) (15,354)
Total deferred tax liabilities (749,722) (1,337,920)
Net deferred tax assets $ 1,954,803 $ 1,177,558