Company: GOOGL
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001652044-25-000091
Chunk: 37

Company: Alphabet Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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Non-marketable equity securities cumulative net gain (loss) is comprised of $22.7 billion and $42.9 billion of gains and $8.4 billion and $8.9 billion of losses (including impairments) as of December 31, 2024 and September 30, 2025, respectively. Gains and Losses on Marketable and Non-marketable Equity SecuritiesGains and losses (including impairments), net, for marketable and non-marketable equity securities included in OI&E are summarized below (in millions):Three Months EndedNine Months EndedSeptember 30,September 30,2024202520242025Realized net gain (loss) on equity securities sold during the period$41 $50 $216 $595 Unrealized net gain (loss) on marketable equity securities318 447 96 1,447 Unrealized net gain (loss) on non-marketable equity securities(1)1,462 10,237 3,038 19,736 Total gain (loss) on equity securities in other income (expense), net$1,821 $10,734 $3,350 $21,778 (1)Unrealized gain (loss) on non-marketable equity securities accounted for under the measurement alternative is comprised of $1.9 billion and $10.6 billion of upward adjustments and $412 million and $346 million of downward adjustments (including impairments) for the three months ended September 30, 2024 and 2025, respectively, and $5.0 billion and $20.9 billion of upward adjustments and $2.0 billion and $1.2 billion of downward adjustments (including impairments) for the nine months ended September 30, 2024 and 2025, respectively.In the table above, realized net gain (loss) on equity securities sold during the period reflects the difference between the sale proceeds and the carrying value of the equity securities at the beginning of the period or the purchase date, if later.Cumulative net gains (losses) on equity securities sold during the period, which is summarized in the following table (in millions), represents the total net gains (losses) recognized after the initial purchase date of the equity security sold during the period. While these net gains (losses) may have been reflected in periods prior to the period of sale, we believe they are important supplemental information as they reflect the economic