As of Q1'26, CPNG's cash and short-term investments stood at $6.3B USD, reflecting a slight decline of $100M from the previous quarter's peak of $7.23B in Q3'25, while total debt increased to $4.84B USD, up $200M from Q4'25, resulting in a net cash position of approximately $1.46B USD. Over the period from Q2'23 to Q1'26, cash and short-term investments exhibited a robust upward trend, growing from $4.47B to $6.3B with consistent quarterly increases until a notable dip in Q4'25, suggesting strong liquidity accumulation amid operational expansion. In contrast, debt rose steadily from $2.72B to $4.84B, with significant jumps in Q1'24 and Q2'25, indicating increased leverage possibly for growth initiatives, though the net cash remains positive and the cash-to-debt ratio has improved from 1.64 to 1.30, highlighting prudent financial management despite recent volatility.