As of Q1'26, Uber's cash and short-term investments stood at $6.77B USD, reflecting a decline from the previous quarter's $8.26B USD, while debt dropped sharply to $1.71B USD from $12.08B USD in Q4'25, resulting in a significantly improved net cash position of approximately $5.06B USD. Over the period from Q2'23 to Q1'26, cash and short-term investments exhibited an overall upward trend with notable volatility, starting at $5.53B USD and peaking at $9.96B USD in Q3'24 before fluctuating downward to the latest level, driven by periodic growth in Q1'24, Q2'24, Q3'25, and Q2'25. In contrast, debt remained relatively stable around $11B-$12B USD through Q4'25, with a brief spike to $12.66B USD in Q3'24, but experienced a dramatic 86% reduction in Q1'26, enhancing the company's liquidity and reducing leverage compared to earlier quarters where net debt often exceeded $5B USD.