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Long-term debt, net (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of long-term debt, net
The following table sets forth the Company’s long-term debt, net:
December 31,
 20252024
0% Convertible Senior Notes (a)
$— $— 
Senior secured credit facility, net (b)
195,047 97,300 
 $195,047 $97,300 
Schedule of the convertible notes
The net carrying amount of the liability of the Convertible Notes as of December 31, 2025 and 2024 are as follows:
December 31,
20252024
Principal amount$— $560,945 
Unamortized issuance costs— (2,785)
Net carrying amount of liability component (1)$— $558,160 
Presented as:
Short-term liability
$— $558,160 
(1)    An effective interest rate determines the fair value of the Notes, therefore they are categorized as Level 3 in accordance with ASC 820, "Fair Value Measurements and Disclosures." The estimated fair value of the Net carrying amount of liability component of the Notes as of December 31, 2025 and 2024 were $0 and $526,434, respectively.
The net carrying amount of the liability is represented by the principal amount of the Notes, less total issuance costs plus any amortization of issuance costs. The total issuance costs upon issuance of the Notes were $16,561 and are amortized to interest expense using the effective interest rate method over the contractual term of the Notes. Interest expense is recognized at an annual effective interest rate of 0.59% over the contractual term of the Notes. Amortization of debt issuance costs, included in finance expenses.
Finance expense related to the Notes was as follows:
Year ended December 31,
202520242023
Gain from redemption of Notes
$— $(1,142)$— 
Amortization of debt issuance costs
2,785 3,393 3,313 
Total finance expenses (income) recognized
$2,785$2,251$3,313
Schedule of senior secured credit facility
The net carrying amount of the liability of the Facility as of December 31, 2025 and 2024 is as follows:
December 31,
20252024
Principal amount$200,000 $100,000 
Unamortized issuance costs(4,953)(2,700)
Net carrying amount of liability component (1)$195,047 $97,300 
(1)     An effective interest rate determines the fair value of the Facility, therefore they are categorized as Level 3 in accordance with ASC 820. The estimated fair value of the net carrying amount of liability component of the Facility as of December 31, 2025 and 2024 were $215,538 and $112,836, respectively.
Finance expense related to the Facility was as follows:
Year ended December 31,
202520242023
Interest
$13,374 $7,693 $— 
Amortization of debt issuance costs
846 378 — 
Total finance expenses (income) recognized
$14,220 $8,071 $—