v3.25.1
Interest-bearing loans and borrowings (Tables)
 3 Months Ended
Mar. 31, 2025
Long-Term Debt, Excluding Current Maturities [Abstract]  
Schedule of Interest-Bearing Loans and Borrowings
Interest-bearing loans and borrowings consisted of the following as of March 31, 2025 (in thousands):

Fair Value
Principal Amount
Unamortized Debt Issuance Costs
Net Carrying Amount
Amount
Level
Convertible senior notes
$402,500 $(10,970)$391,530 $337,979 Level 2

Interest-bearing loans and borrowings consisted of the following as of December 31, 2024 (in thousands):
Fair Value
Principal Amount
Unamortized Debt Issuance Costs
Net Carrying Amount
Amount
Level
Convertible senior notes
$402,500 $(11,487)$391,013 $337,174 Level 2
Schedule of Interest Expense
Interest expense consisted of the following (in thousands):

Three Months Ended March 31,
20252024
Convertible senior notes
Coupon interest
$2,516 $1,627 
Amortization of debt issuance costs
509 319 
Pharmakon loan
$— 1,293 
Total interest expense
$3,025 $3,239