v3.25.1
Long-term Debt (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Outstanding Balance of Convertible Notes

The outstanding balance of the Convertible Notes as of March 31, 2025 and December 31, 2024 consisted of the following (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Principal

 

$

93,897

 

 

$

93,897

 

Less: debt discount and issuance costs, net

 

 

(476

)

 

 

(556

)

  Net carrying amount

 

$

93,421

 

 

$

93,341

 

Schedule of Interest Expense Recognized Related to Convertible Notes

The following table sets forth total interest expense recognized related to the Convertible Notes during the three months ended March 31, 2025 and 2024 (in thousands):

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Amortization of debt issuance costs

 

$

79

 

 

$

76

 

Contractual interest expense

 

 

822

 

 

 

822

 

   Total interest expense

 

$

901

 

 

$

898

 

Summary of Credit Facility

The outstanding balance of the Credit Facility as of March 31, 2025 and December 31, 2024 consisted of the following (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Principal

 

$

375,000

 

 

$

375,000

 

Less: debt discount and issuance costs

 

 

(14,999

)

 

 

(15,511

)

  Net carrying amount

 

$

360,001

 

 

$

359,489

 

Summary of Interest Expense Recognized Related to Credit Facility

The following table sets forth total interest expense recognized related to the Credit Facility during the three months ended March 31, 2025 and 2024 (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Amortization of debt issuance costs

 

$

512

 

 

$

 

Contractual interest expense

 

 

9,449

 

 

 

 

   Total interest expense

 

$

9,961

 

 

$