As of Q3'26, ARM's cash and short-term investments reached $3.54B, marking a significant increase from the previous quarter and reflecting robust liquidity growth. In contrast, debt stood at $437M, up modestly from $410M in Q2'26 but remaining a small fraction of cash reserves, indicating a healthy balance sheet position. Over the period from Q4'23 to Q3'26, cash and short-term investments exhibited an overall upward trend, rising from $2.22B to $3.54B with notable acceleration in the latter half, including a peak of $3.54B driven by consistent quarterly gains averaging around 10-15% in recent periods. Debt levels showed gradual escalation from $219M to $437M, with sharper increases post-Q3'25, yet the net cash position strengthened substantially, underscoring ARM's improving financial stability amid expanding operations.