Borrowings (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Principal and Unamortized Debt Issuance Costs and Other Material Features of Notes

The table below summarizes the principal and unamortized debt issuance costs and other material features of the Notes (in thousands):


						Carrying Amount as of
	Conversion Rate per $1,000 Principal	Initial Conversion Price		Maturities	Stated Interest Rates	June 30, 2026		December 31, 2025
Convertible notes:
Principal – 2026 Notes	3.2392	$	308.72	2026	0.0%	$	557,724	$	557,724
Principal – 2027 Notes	20.4526	$	48.89	2027	2.0%	1,000,000		1,000,000
Principal – 2030 Notes	27.6656	$	36.15	2030	0.0%	690,000		690,000
Unamortized debt issuance costs, net						(10,322)		(12,374)
Net carrying amount						$	2,237,402	$	2,235,350

1) We entered into capped call transactions in connection with the 2026 and 2030 Notes. The cap price of the capped call transactions relating to the Notes was initially $343.02 and $47.74, respectively, subject to certain adjustments under the terms of the capped call transactions. See below "--Capped Call Transactions."