BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The following table sets forth the Company’s outstanding borrowings as of the date indicated (in thousands):

	September 30, 2025		December 31, 2024
Secured borrowing	$	131,525	$	176,089
Exchangeable notes	$	148,148	$	146,342
Long-term debt	$	487,789	$	321,317

The following table details the Company’s Senior Notes as of September 30, 2025 (in thousands):

	September 30, 2025
Principal amount	$	500,000
Less: Unamortized issuance costs	(12,211)
Carrying amount	$	487,789