As of Q3'25, Airbnb's cash and short-term investments reached 11.68B USD, while its debt stood at 1.99B USD. This reflects a robust liquidity position, with cash levels significantly exceeding outstanding debt at the latest data point. From Q1'23 to Q3'25, cash and short-term investments for Airbnb have shown a generally upward trend, rising from 10.59B USD to 11.68B USD, despite some fluctuations, particularly a dip in Q4'23 and Q4'24. Debt levels, on the other hand, have steadily declined from 2.29B USD in early 2023 to 1.99B USD by Q3'25, indicating consistent deleveraging. Overall, the chart demonstrates strengthening financial flexibility and a conservative approach to debt management over the observed period.