v3.26.1
Debt (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule Of Debt Instruments

Long-term debt consists of the following (in thousands):

 

 

 

As of

 

 

 

March 31, 2026

 

 

December 31, 2025

 

2032 4.25% Convertible Notes

 

$

3,514

 

 

$

50,000

 

2032 2.375% Convertible Notes

 

 

325,000

 

 

 

575,000

 

2036 2.00% Convertible Notes

 

 

1,150,000

 

 

 

1,150,000

 

2036 2.25% Convertible Notes

 

 

1,075,000

 

 

 

-

 

Prosperity Capital Equipment Loan

 

 

-

 

 

 

12,552

 

Prosperity Term Loan

 

 

-

 

 

 

4,242

 

Trinity Capital Equipment Loan(1)

 

 

50,607

 

 

 

52,641

 

UBS Bridge Financing Loan

 

 

420,000

 

 

 

420,000

 

Total debt

 

$

3,024,121

 

 

$

2,264,435

 

Less: current portion of long-term debt

 

 

(8,236

)

 

 

(11,999

)

Less: unamortized debt issuance costs(1)

 

 

(52,589

)

 

 

(44,853

)

Long-term debt, net of issuance costs

 

$

2,963,296

 

 

$

2,207,583

 

 

(1) Includes unamortized end of term payments of $3.6 million and $4.0 million as of March 31, 2026 and December 31, 2025, respectively.