XML 12 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,034,869 $ 1,132,009
Short-term investments 686,066 705,172
Prepaid expenses and other current assets 1,001,596 1,082,334
Total current assets 2,722,531 2,919,515
Restricted cash and cash equivalents 792,507 705,361
Restricted investments 1,205,793 1,230,758
Investments 47,020 47,066
Property and equipment, net 438,733 418,530
Operating lease right-of-use assets 159,347 165,579
Intangible assets, net 166,383 178,944
Goodwill 435,043 439,754
Deferred tax assets 2,900,684 2,906,135
Other assets 21,926 18,411
Total assets 8,889,967 9,030,053
Current liabilities    
Accounts payable 114,864 120,464
Insurance reserves 2,245,010 2,180,426
Accrued and other current liabilities 2,277,930 2,196,863
Operating lease liabilities, current 28,093 28,068
Total current liabilities 4,665,897 4,525,821
Operating lease liabilities 152,694 159,904
Long-term debt, net of current portion 986,618 1,002,404
Other liabilities 58,822 68,401
Total liabilities 5,864,031 5,756,530
Commitments and contingencies (Note 10)
Stockholders’ equity    
Preferred stock, $0.00001 par value; 1,000,000 shares authorized as of March 31, 2026 and December 31, 2025; no shares issued and outstanding as of March 31, 2026 and December 31, 2025 0 0
Common stock, $0.00001 par value; 18,000,000 Class A shares authorized as of March 31, 2026 and December 31, 2025; 382,531 and 400,856 Class A shares issued and outstanding, as of March 31, 2026 and December 31, 2025, respectively; 87,220 Class B shares authorized as of March 31, 2026 and December 31, 2025; no Class B shares issued and outstanding as of March 31, 2026 and December 31, 2025 4 4
Additional paid-in capital 10,436,177 10,687,017
Accumulated other comprehensive (loss) income (10,372) 625
Accumulated deficit (7,399,873) (7,414,123)
Total stockholders’ equity 3,025,936 3,273,523
Total liabilities and stockholders’ equity $ 8,889,967 $ 9,030,053