v3.26.1
LONG-TERM DEBT, NET (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of senior secured credit facility
June 30,
2026
December 31,
2025
UnauditedAudited
Liability component, net:
Principal amount$200,000 $200,000 
Unamortized issuance costs (4,109)(4,953)
Net carrying amount of liability component (1)$195,891 $195,047 
(1) An effective interest rate determines the fair value of the Notes, therefore they are categorized as Level 3 in accordance with ASC 820. The estimated fair value of the net carrying amount of liability component of the Notes as of June 30, 2026 and December 31, 2025 were $208,923 and $215,538, respectively.
Finance expense related to the Facility was as follows:
Three months ended June 30,Six months ended June 30,
Year ended December 31,
20262025202620252025
UnauditedUnauditedAudited
Interest
5,026 2,666 9,982 5,306 13,374 
Amortization of debt issuance costs
430 159 844 309 846 
Total finance expense recognized
$5,456 $2,825 $10,826 $5,615 $14,220