Commitments and Contingencies (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Debt Disclosure [Abstract] |
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| Schedule of Outstanding Principal Amount and Carrying Value of Convertible Notes |
The following table presents the outstanding principal amount and carrying value of the Convertible Notes as of the dates indicated (in thousands):
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June 30, 2026 |
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Principal |
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Unamortized Debt Discount |
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Unamortized Debt Issuance Costs |
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Carrying Value |
|
2027 Notes |
|
$ |
85,805 |
|
|
$ |
(300 |
) |
|
$ |
(23 |
) |
|
$ |
85,482 |
|
2030 Notes |
|
|
250,000 |
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|
|
(5,925 |
) |
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|
(901 |
) |
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|
243,174 |
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Total |
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$ |
335,805 |
|
|
$ |
(6,225 |
) |
|
$ |
(924 |
) |
|
$ |
328,656 |
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December 31, 2025 |
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Principal |
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Unamortized Debt Discount |
|
|
Unamortized Debt Issuance Costs |
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Carrying Value |
|
2027 Notes |
|
$ |
85,805 |
|
|
$ |
(557 |
) |
|
$ |
(43 |
) |
|
$ |
85,205 |
|
2030 Notes |
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|
250,000 |
|
|
|
(6,675 |
) |
|
|
(1,016 |
) |
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|
242,309 |
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Total |
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$ |
335,805 |
|
|
$ |
(7,232 |
) |
|
$ |
(1,059 |
) |
|
$ |
327,514 |
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|
| Schedule of Interest Expense Related to Convertible Notes |
Interest expense related to the Convertible Notes for the periods presented below was as follows (in thousands):
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Coupon interest |
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$ |
683 |
|
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$ |
706 |
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$ |
1,367 |
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$ |
1,424 |
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Amortization of debt discount |
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|
504 |
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|
443 |
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|
1,008 |
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|
875 |
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Amortization of transaction costs |
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|
67 |
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|
29 |
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|
134 |
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|
62 |
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Total interest expense |
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$ |
1,254 |
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$ |
1,178 |
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$ |
2,509 |
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$ |
2,361 |
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| Schedule of Carrying Value and Estimated Fair Value of Convertible Notes |
The following table presents the carrying value and estimated fair value of the Convertible Notes as of the date indicated (in thousands):
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June 30, 2026 |
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December 31, 2025 |
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Carrying Value |
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Fair Value |
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Carrying Value |
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Fair Value |
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2027 Notes(1) |
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$ |
85,482 |
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$ |
135,958 |
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$ |
85,205 |
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$ |
107,900 |
|
2030 Notes(1) |
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|
243,174 |
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|
555,000 |
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242,309 |
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|
375,550 |
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Total Convertible Notes |
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$ |
328,656 |
|
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$ |
690,958 |
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$ |
327,514 |
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|
$ |
483,450 |
|
(1) As of June 30, 2026 and December 31, 2025, the fair value of the Convertible Notes, as applicable, were measured using Level 2 inputs based on the frequency of trading on our debt at the end of the period.
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| Schedule of Total Restructuring Costs |
The following table shows the total restructuring costs incurred during the three and six months ended June 30, 2026 and 2025 (in thousands):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Sales and marketing |
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$ |
— |
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$ |
4 |
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$ |
— |
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$ |
89 |
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Operations and support |
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2 |
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137 |
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2 |
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|
826 |
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Product development |
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— |
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(35 |
) |
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2 |
|
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|
499 |
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General and administrative |
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(47 |
) |
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(11 |
) |
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(34 |
) |
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|
142 |
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Total restructuring charges |
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$ |
(45 |
) |
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$ |
95 |
|
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$ |
(30 |
) |
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$ |
1,556 |
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