Commitments and Contingencies (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Debt Disclosure [Abstract] |
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| Schedule of Outstanding Principal Amount and Carrying Value of Convertible Notes |
The following table presents the outstanding principal amount and carrying value of the Convertible Notes as of the dates indicated (in thousands):
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September 30, 2026 |
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Principal |
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Unamortized Debt Discount |
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Unamortized Debt Issuance Costs |
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Carrying Value |
|
2027 Notes |
|
$ |
84,999 |
|
|
$ |
(170 |
) |
|
$ |
(13 |
) |
|
$ |
84,816 |
|
2030 Notes |
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|
250,000 |
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(5,550 |
) |
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|
(843 |
) |
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|
243,607 |
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Total |
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$ |
334,999 |
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|
$ |
(5,720 |
) |
|
$ |
(856 |
) |
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$ |
328,423 |
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December 31, 2025 |
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Principal |
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Unamortized Debt Discount |
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Unamortized Debt Issuance Costs |
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Carrying Value |
|
2027 Notes |
|
$ |
85,805 |
|
|
$ |
(557 |
) |
|
$ |
(43 |
) |
|
$ |
85,205 |
|
2030 Notes |
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|
250,000 |
|
|
|
(6,675 |
) |
|
|
(1,016 |
) |
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|
242,309 |
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Total |
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$ |
335,805 |
|
|
$ |
(7,232 |
) |
|
$ |
(1,059 |
) |
|
$ |
327,514 |
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| Schedule of Interest Expense Related to Convertible Notes |
Interest expense related to the Convertible Notes for the periods presented below was as follows (in thousands):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Coupon interest |
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$ |
684 |
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$ |
684 |
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$ |
2,050 |
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$ |
2,108 |
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Amortization of debt discount |
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|
502 |
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|
503 |
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1,510 |
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|
1,378 |
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Amortization of transaction costs |
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|
68 |
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|
87 |
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|
202 |
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|
149 |
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Total interest expense |
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$ |
1,254 |
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$ |
1,274 |
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$ |
3,762 |
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$ |
3,635 |
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| Schedule of Carrying Value and Estimated Fair Value of Convertible Notes |
The following table presents the carrying value and the estimated fair value of the Convertible Notes as of the date indicated (in thousands):
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September 30, 2026 |
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December 31, 2025 |
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Carrying Value |
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Fair Value |
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Carrying Value |
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Fair Value |
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2027 Notes(1) |
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$ |
84,816 |
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$ |
157,588 |
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$ |
85,205 |
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$ |
107,900 |
|
2030 Notes(1) |
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|
243,607 |
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585,925 |
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242,309 |
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|
375,550 |
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Total Convertible Notes |
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$ |
328,423 |
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$ |
743,513 |
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$ |
327,514 |
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|
$ |
483,450 |
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(1) As of September 30, 2026 and December 31, 2025, the fair value of the Convertible Notes, as applicable, were measured using Level 2 inputs based on the frequency of trading on our debt at the end of the period.
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| Schedule of Restructuring Related Employee Termination Benefits |
The following table shows the total restructuring costs incurred and the liability, which was recorded and accrued in the Condensed Consolidated Balance Sheets, for restructuring-related employee termination benefits as of December 31, 2025 and September 30, 2026 (in thousands):
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Employee Termination Benefits |
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Accrued restructuring costs as of December 31, 2025 |
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$ |
— |
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Restructuring costs incurred during the nine months ended September 30, 2026 |
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|
1,370 |
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Amount paid during the period ended September 30, 2026 |
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|
(147 |
) |
Accrued restructuring costs as of September 30, 2026 |
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$ |
1,223 |
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| Schedule of Total Restructuring Costs |
The following table shows the total restructuring costs incurred during the three and nine months ended September 30, 2026 and 2025 (in thousands):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Sales and marketing |
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$ |
190 |
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$ |
(27 |
) |
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$ |
190 |
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$ |
62 |
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Operations and support |
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|
429 |
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(108 |
) |
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|
431 |
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|
718 |
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Product development |
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|
731 |
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11 |
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|
733 |
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|
510 |
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General and administrative |
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20 |
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32 |
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(14 |
) |
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|
174 |
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Total restructuring charges |
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$ |
1,370 |
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$ |
(92 |
) |
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$ |
1,340 |
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$ |
1,464 |
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