| Schedule of Outstanding Debt Obligations and Interest Expense Related to Convertible Debt |
Outstanding debt obligations as of December 31, 2025 and 2024 were as follows (in thousands, except for percentages): | | | | | | | | | | | | | | | | | | | | | | | | | Maturities | | Interest Rates as of December 31, 2025 | | December 31, 2025 | | December 31, 2024 | Convertible senior notes due 2025 (the “2025 Notes”) | May 2025 | | —% | | $ | — | | | $ | 390,175 | | Convertible senior notes due 2029 (the “2029 Notes”) | March 2029 | | 0.625% | | 452,421 | | | 450,081 | | Convertible senior notes due 2030 (the “2030 Notes”) | September 2030 | | 0% | | 488,542 | | | — | | | Non-revolving Loan | 2026 | | 7.61% | | 16 | | | 510 | | | Master Vehicle Loan | 2026 - 2028 | | 5.85% - 7.10% | | 112,032 | | | 154,281 | | | Total long-term debt, including current maturities | | | | | $ | 1,053,011 | | | $ | 995,047 | | Less: Convertible senior notes, current(1) | | | | | — | | | 390,175 | | Less: Long-term debt, current(2) | | | | | 50,607 | | | 38,904 | | | Total long-term debt | | | | | $ | 1,002,404 | | | $ | 565,968 | |
_______________ (1)This balance is included within convertible senior notes, current on the consolidated balance sheets. (2)This balance is included within accrued and other current liabilities on the consolidated balance sheets and is primarily related to vehicles. The following table sets forth the primary components of interest expense as reported on the consolidated statements of operations (in thousands): | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | Contractual interest expense related to the 2025 Notes and 2029 Notes(1) | $ | 5,028 | | | $ | 9,181 | | | $ | 11,212 | | Amortization of debt discount and issuance costs related to the 2025 Notes, 2029 Notes and 2030 Notes | 3,655 | | | 3,737 | | | 2,877 | | | Vehicle loans and other interest expense | 12,072 | | | 16,003 | | | 12,134 | | | Interest expense | $ | 20,755 | | | $ | 28,921 | | | $ | 26,223 | |
_______________ (1)There is no contractual interest expense related to the 2030 Notes as the 2030 Notes have a 0% interest rate.
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| Schedule of Convertible Notes |
The net carrying amounts of the Notes were as follows (in thousands): | | | | | | | | | | | | | December 31, | | 2025 | | 2024 | 2025 Notes | | | | | Principal | $ | — | | | $ | 390,719 | | | Unamortized debt discount and debt issuance costs | — | | | (544) | | | Net carrying amount of liability component | $ | — | | | $ | 390,175 | | | | | | | 2029 Notes | | | | | Principal | $ | 460,000 | | | $ | 460,000 | | | Unamortized debt discount and debt issuance costs | (7,579) | | | (9,919) | | | Net carrying amount of liability component | $ | 452,421 | | | $ | 450,081 | | | | | | | 2030 Notes | | | | | Principal | $ | 500,000 | | | $ | — | | | Unamortized debt discount and debt issuance costs | (11,458) | | | — | | | Net carrying amount of liability component | $ | 488,542 | | | $ | — | |
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| Schedule of Maturities of Long-term Debt Outstanding |
Maturities of long-term debt outstanding, including current maturities, as of December 31, 2025 were as follows (in thousands): | | | | | | | 2026 | $ | 50,607 | | | 2027 | 49,229 | | | 2028 | 12,212 | | | 2029 | 452,421 | | | 2030 | 488,542 | | | Thereafter | — | | | Total long-term debt outstanding | $ | 1,053,011 | |
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