v3.26.1
Convertible Notes (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule Of Convertible Notes
The Notes consisted of the following (in thousands):
June 30, 2026December 31, 2025
4.00% senior subordinated convertible notes due in May 2029
$79,038 $316,226 
Unamortized debt discount and issuance costs(1,382)(6,429)
2029 Notes, net77,656 309,797 
0.00% senior subordinated convertible notes due in June 2032
690,000 — 
Unamortized debt discount and issuance costs(17,577)— 
2032 Notes, net672,423 — 
Total convertible notes payable, net$750,079 $309,797 
Fair value of fixed rate convertible notes (1):
2029 Notes$294,309 $818,485 
2032 Notes746,815 — 
Total fair value of fixed rate convertible notes$1,041,124 $818,485 
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(1)The fair values were determined based on the quoted price of the convertible notes in an inactive market on the last trading day of the reporting period and have been classified as Level 2 in the fair value hierarchy.
Schedule of Interest Expense Related to Convertible Notes
The following table sets forth interest expense recognized related to the Notes (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Coupon interest expense$1,960 $3,162 $5,122 $6,325 
Amortization of debt discount and issuance costs658 427 1,112 860 
Total interest expense on convertible notes$2,618 $3,589 $6,234 $7,185