As of Q1'26, NET's cash and short-term investments reached $4.16B USD, marking a substantial increase from prior periods, while debt stood at $3.52B USD, reflecting a more modest rise. This positions the company's liquidity at a net positive of approximately $0.64B USD, providing a solid buffer against its obligations. From Q2'23 to Q1'26, cash and short-term investments exhibited steady growth, rising from $1.58B USD to $4.16B USD with a notable acceleration starting in Q2'25, likely driven by operational cash flows or financing activities. In contrast, debt remained relatively stable at around $1.4B-$1.5B USD until Q2'25, after which it jumped to $3.46B USD and continued a gradual upward trend to $3.52B USD, suggesting increased leverage to support expansion while maintaining overall financial health.