v3.26.1
Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Net Carrying Amount of Liability Components of Convertible Notes
The net carrying amount of the Convertible Notes were as follows:
As of June 30,As of December 31,
20262025
2026 Convertible Notes:(In thousands)
Principal$— $7,633 
Unamortized debt issuance costs— (6)
2026 Convertible Notes net carrying amount— 7,627 
2028 Convertible Notes:
Principal27,508 250,000 
Unamortized debt issuance costs(209)(2,438)
2028 Convertible Notes net carrying amount27,299 247,562 
2032 Convertible Notes:
Principal316,250 — 
Unamortized debt issuance costs(12,780)— 
2032 Convertible Notes net carrying amount303,470 — 
Total net carrying amount$330,769 $255,189 
Schedule of Costs Incurred for Capped Calls Related to Convertible Notes
The following table sets forth key terms and costs incurred for the Capped Calls related to the Convertible Notes as of June 30, 2026:
2028 Convertible Notes2032 Convertible Notes
(In thousands, except share and per share amounts)
Initial approximate strike price per share, subject to certain adjustments$179.27 $72.64 
Initial cap price per share, subject to certain adjustments$260.76 $105.66 
Net costs incurred$25,500 $21,821 
Class A common stock covered, subject to anti-dilution adjustments153,442 4,353,592