XML 122 R103.htm IDEA: XBRL DOCUMENT v3.25.4
INCOME TAXES - Tax Effects of Temporary Differences and Related Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Capitalized costs & research and development capitalization $ 300,263 $ 886,474
Accrued expenses 229,327 122,470
Net operating loss carryforwards 548,336 388,199
Tax credit carryforwards 530,468 485,266
Intangible and other assets 291,363 375,316
Other 213,070 250,371
Total deferred tax assets 2,112,827 2,508,096
Valuation allowance (557,063) (646,223)
Total deferred tax assets, net of valuation allowance 1,555,764 1,861,873
Deferred tax liabilities:    
Unrealized gain on investments (80,433) (36,582)
Operating lease right-of-use asset (52,419) (52,849)
Cryptocurrency investment (121,309) (133,883)
Total deferred tax liabilities (254,161) (223,314)
Net deferred tax assets 1,301,603 1,638,559
Deferred tax assets 1,302,776 1,800,994
Deferred tax liabilities $ (1,173) $ (162,435)