| Schedule of Outstanding Debt Obligations and Interest Expense Related to Convertible Debt |
Outstanding debt obligations as of June 30, 2026 and December 31, 2025 were as follows (in thousands, except for percentages): | | | | | | | | | | | | | | | | | | | | | | | | | Maturities | | Interest Rates as of June 30, 2026 | | June 30,
2026 | | December 31,
2025 | Convertible senior notes due 2029 (the “2029 Notes”) | March 2029 | | 0.625% | | $ | 453,580 | | | $ | 452,421 | | Convertible senior notes due 2030 (the “2030 Notes”) | September 2030 | | 0% | | 489,736 | | | 488,542 | | | Non-revolving Loan | 2026 | | NA | | — | | | 16 | | | Master Vehicle Loan | 2026 - 2029 | | 5.85% - 7.10% | | 100,572 | | | 112,032 | | | Total long-term debt, including current maturities | | | | | $ | 1,043,888 | | | $ | 1,053,011 | | Less: Long-term debt, current(1) | | | | | 53,328 | | | 50,607 | | | Total long-term debt | | | | | $ | 990,560 | | | $ | 1,002,404 | |
_______________(1)This balance is included within accrued and other current liabilities on the condensed consolidated balance sheets and is primarily related to vehicles. NANot applicable. The following table sets forth the primary components of interest expense as reported on the condensed consolidated statements of operations (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | Contractual interest expense related to the 2025 Notes and 2029 Notes(1) | $ | 719 | | | $ | 1,407 | | | $ | 1,438 | | | $ | 3,591 | | Amortization of debt discount and issuance costs related to the 2025 Notes, 2029 Notes and 2030 Notes | 1,188 | | | 762 | | | 2,353 | | | 1,689 | | | Vehicle loans and other interest expense | 3,564 | | | 2,863 | | | 6,905 | | | 5,902 | | | Interest expense | $ | 5,471 | | | $ | 5,032 | | | $ | 10,696 | | | $ | 11,182 | |
_______________ (1)There is no contractual interest expense related to the 2030 Notes as the 2030 Notes have a 0% interest rate.
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| Schedule of Debt Conversion and Redemption Options |
The following table sets forth the conversion and redemption options with respect to the Notes outstanding as of June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | Free Conversion Date | | Initial Conversion Rate per $1,000 Principal Amount(1) | | Initial Conversion Price per Share(1) | | Redeemable After | 2029 Notes | December 1, 2028 | | 47.4366 | | | $ | 21.08 | | | March 5, 2027 | 2030 Notes | June 15, 2030 | | 42.5170 | | | $ | 23.52 | | | September 20, 2028 |
_______________ (1)The conversion rate is subject to adjustment under certain circumstances in accordance with the terms of the indentures governing the 2029 Notes and 2030 Notes.
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| Schedule of Convertible Notes |
The net carrying amounts of the Notes outstanding were as follows (in thousands): | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | 2029 Notes | | | | | Principal | $ | 460,000 | | | $ | 460,000 | | Unamortized debt discount and debt issuance costs | (6,420) | | | (7,579) | | | Net carrying amount of liability component | $ | 453,580 | | | $ | 452,421 | | | | | | 2030 Notes | | | | | Principal | $ | 500,000 | | | $ | 500,000 | | Unamortized debt discount and debt issuance costs | (10,264) | | | (11,458) | | | Net carrying amount of liability component | $ | 489,736 | | | $ | 488,542 | |
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