As of Q4'25, META reported Cash & Short-term Investments of USD 81.6B and Debt of USD 83.9B, marking the highest levels for both metrics in the period covered. This represents a significant increase from the previous quarter, with cash rising from USD 44.4B and debt from USD 51.1B in Q3'25. From Q1'23 to Q4'25, both cash and debt exhibited notable volatility. Cash & Short-term Investments saw substantial growth through 2023, peaking at USD 77.8B in Q4'24 before a sharp decline to USD 44.4B in Q3'25, then rebounding strongly in Q4'25. Debt remained relatively stable near USD 36B–38B through mid-2024, but surged to USD 49B in late 2024 and early 2025, culminating in a dramatic jump to USD 83.9B in Q4'25. This period is characterized by significant financial restructuring, with both cash reserves and debt reaching new highs at the end of 2025. The chart covers quarterly data from Q1'23 to Q4'25.