The following table summarizes long-term debt, net, at September 30, 2026 and December 31, 2025 (in thousands): | | | | | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | 0.25% Convertible Senior Notes due 2028 | | | | | | Principal | | $ | 69,000 | | | $ | 345,000 | | | Unamortized debt discount | | (390) | | | (3,071) | | | Unamortized debt issuance costs | | (9) | | | (71) | | Total 0.25% Convertible Senior Notes due 2028, net | | $ | 68,601 | | | $ | 341,858 | | | | | | | 0.75% Convertible Senior Notes due 2032 | | | | | | Principal | | $ | 316,250 | | | $ | — | | | Unamortized debt discount | | (9,070) | | | — | | | Unamortized debt issuance costs | | (1,093) | | | — | | Total 0.75% Convertible Senior Notes due 2032, net | | $ | 306,087 | | | $ | — | | | | | | | | | | | | | | | | | | Total long-term debt, net | | $ | 374,688 | | | $ | 341,858 | |
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