v3.26.1
Convertible Senior Notes (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Net Carrying Amount of Liability and Equity Component of 2025 Notes
The net carrying amount of the 2029 Notes was as follows (in thousands):
June 30,
2026		December 31,
2025
Convertible senior notes, net:
Principal$1,000,000 $1,000,000 
Unamortized debt issuance costs(14,455)(16,551)
Net carrying amount$985,545 $983,449 
Schedule of Interest Expense related to 2025 and 2029 Notes
The following table sets forth the interest expense related to the 2025 and 2029 Notes for the three and six months ended June 30, 2026 and 2025 (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Contractual interest expense$— $165 $— $364 
Amortization of issuance costs1,049 1,691 2,096 3,510 
Total$1,049 $1,856 $2,096 $3,874 
Schedule of Capped Calls
The following table sets forth key terms and costs incurred for the Capped Calls related to the 2029 Notes (in millions, except per share amounts):
2029 Notes
Initial strike price per share, subject to certain adjustments$217.60 
Initial cap price per share, subject to certain adjustments$322.38 
Net cost incurred$100.9 
Common stock covered, subject to anti-dilution adjustments4.6