As of Q4'25, Uber's cash and short-term investments stand at USD 8.26B, while its debt has sharply decreased to USD 1.39B. This marks a significant improvement in the company's liquidity position at the end of the period covered. From Q1'23 to Q4'25, Uber's cash and short-term investments generally trended upward, peaking at USD 9.99B in Q3'24 before a slight decline and stabilization above USD 8B. Debt levels remained relatively stable around USD 11B until Q3'25, followed by a dramatic reduction to USD 1.39B in Q4'25, indicating a major deleveraging event. This shift suggests a strategic focus on strengthening the balance sheet and reducing financial risk over the observed quarters.