v3.25.3

Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments - Investments Measured at Fair Value On A Recurring Basis (Details) - Fair value measurements on recurring basis - USD ($) $ in Thousands | Sep. 30, 2025 | Dec. 31, 2024
--- | --- | ---
Fair value of marketable securities |  |
Cash and cash equivalents (including restricted) | $ 2,709,829 | $ 4,593,804
Total | 1,548,668 | 1,274,150
Cash |  |
Fair value of marketable securities |  |
Cash and cash equivalents (including restricted) | 530,208 | 594,654
Cash equivalents |  |
Fair value of marketable securities |  |
Cash and cash equivalents (including restricted) | 2,179,621 | 3,999,150
U.S. Treasury and agency securities |  |
Fair value of marketable securities |  |
Total |  | 8,163
Commercial paper |  |
Fair value of marketable securities |  |
Total | 503,343 | 596,568
Corporate securities |  |
Fair value of marketable securities |  |
Total | 976,181 | 629,115
Other |  |
Fair value of marketable securities |  |
Total | 16,672 | 13,850
Equity securities |  |
Fair value of marketable securities |  |
Equity securities | 52,472 | 26,454
Level 1 |  |
Fair value of marketable securities |  |
Cash and cash equivalents (including restricted) | 774,027 | 849,772
Total | 52,472 | 34,617
Level 1 | Cash |  |
Fair value of marketable securities |  |
Cash and cash equivalents (including restricted) | 530,208 | 594,654
Level 1 | Cash equivalents |  |
Fair value of marketable securities |  |
Cash and cash equivalents (including restricted) | 243,819 | 255,118
Level 1 | U.S. Treasury and agency securities |  |
Fair value of marketable securities |  |
Total |  | 8,163
Level 1 | Equity securities |  |
Fair value of marketable securities |  |
Equity securities | 52,472 | 26,454
Level 2 |  |
Fair value of marketable securities |  |
Cash and cash equivalents (including restricted) | 1,935,802 | 3,744,032
Total | 1,496,145 | 1,239,482
Level 2 | Cash equivalents |  |
Fair value of marketable securities |  |
Cash and cash equivalents (including restricted) | 1,935,802 | 3,744,032
Level 2 | Commercial paper |  |
Fair value of marketable securities |  |
Total | 503,343 | 596,568
Level 2 | Corporate securities |  |
Fair value of marketable securities |  |
Total | 976,181 | 629,115
Level 2 | Other |  |
Fair value of marketable securities |  |
Total | 16,621 | 13,799
Level 3 |  |
Fair value of marketable securities |  |
Total | 51 | 51
Level 3 | Other |  |
Fair value of marketable securities |  |
Total | $ 51 | $ 51

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