Convertible Notes, Net (Tables)

6 Months Ended

Jun. 30, 2026

The following table details the net book value of our convertible senior notes, or Convertible Notes, on our consolidated

balance sheets ($ in thousands):


	Face Value
Convertible Notes	June 30, 2026	December 31, 2025	Interest Rate	All-in Cost(1)	Conversion Price(2)	Maturity
Face value	$266,157	$266,157	5.50%	5.79%	$36.27	March 15, 2027
Deferred financing costs and unamortized discount	(847)	(1,412)
Net book value	$265,310	$264,745

(1)Includes issuance costs that are amortized through interest expense over the life of the Convertible Notes using the

effective interest method.

(2)Represents the price of class A common stock per share based on a conversion rate of 27.5702 for the Convertible

Notes. The conversion rate represents the number of shares of class A common stock issuable per $1,000 principal

amount of Convertible Notes. The cumulative dividend threshold has not been exceeded as of June 30, 2026.

The following table details our interest expense related to the Convertible Notes ($ in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Cash coupon	$3,660	$3,660	$7,319	$7,319
Discount and issuance cost amortization	282	282	565	565
Total interest expense	$3,942	$3,942	$7,884	$7,884