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OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT) (Tables)
12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Non-Current Assets
The following table presents the detail of other non-current assets (in thousands):
December 31,
2025
December 31,
2024
Investment in non-marketable equity securities (i)
$423,198 $245,557 
Restricted cash73,786 69,915 
Other257,853 131,794 
Total$754,837 $447,266 

(i) Investment in non-marketable equity securities represents the Company's investments in equity of non-public entities. These investments are measured using the measurement alternative and are therefore carried at cost, less impairment, adjusted for observable price changes from orderly transactions for identical or similar investments of the same issuer. During the year ended December 31, 2025, one of the Company's investments closed on an additional financing round, which the Company assessed as an observable price change in an orderly transaction. The Company recorded a $171.6 million upward adjustment to the carrying value of this investment, resulting in a carrying value of $329.8 million as of December 31, 2025. Adjustments are recorded within other expense (income), net on the consolidated statements of operations.
Summary of Non-Marketable Equity Securities
The adjustments to the carrying value of the Company's non-marketable equity securities measured using the measurement alternative were as follows (in thousands):
December 31,
2025
December 31,
2024
Carrying amount, beginning of period$245,557 $205,268 
Net additions6,001 4,500 
Gross unrealized gains171,640 70,702 
Gross unrealized losses and impairments— (34,913)
Carrying amount, end of period$423,198 $245,557 
The following table summarizes the cumulative net unrealized upward and downward adjustments related to the Company's non-marketable equity securities measured using the measurement alternative (in thousands):
December 31,
2025
December 31,
2024
Upward adjustments$326,970 $155,329 
Downward adjustments (including impairment)$(2,061)$(2,061)