v3.26.1
Debt Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments The following table summarizes further details of the Notes:
NotesIssuance DateMaturity DatePrincipal amount (in thousands)Coupon Interest RateEffective Interest Rate
2028 NotesDecember 5, 2024June 1, 2028$150,000 7.75 %7.77 %
2030 Notes
December 9, 2025
December 15, 2030
$180,000 %0.76 %
The conversion rights of the Notes are as follows:
NotesConversion Date
Conversion Rate(1)
Conversion Price per share
2028 Notes
March 1, 2028
50.6586$19.74 
2030 NotesSeptember 16, 203065.5136$15.26 
(1) The conversion rate for the Notes is established as a number of shares of the Company's common stock per $1,000 principal amount of the Notes, that is equivalent to the conversion price per share, subject to adjustments in certain events. Upon the occurrence of certain corporate events the Company will increase the conversion rate for a holder that elects to convert its Notes.
Schedule of Carrying Values of Notes
Carrying Value of the Notes as follows:
2030 Notes2028 Notes2026 Notes
As of June 30, 2026
Principal amount$180,000 $150,000 $— 
Less: unamortized debt discount and issuance costs(5,963)(79)— 
Net carrying amount
$174,037 $149,921 $— 
As of December 31, 2025
Principal amount$180,000 $150,000 $38,594 
Less: unamortized debt discount and issuance costs(6,620)(98)(37)
Net carrying amount$173,380 $149,902 $38,557