Debt (Tables)

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

Schedule of Net Carrying Amounts of Long-term Debt Instruments

The following table summarizes information about the net carrying amounts of long-term debt as of June 30, 2026:

(in thousands)	2027 Notes		2030 Notes		2031 Notes		Total
Principal amount outstanding	$	53,000	$	115,000	$	265,000	$	433,000
Unamortized debt issuance cost	(408)		(2,755)		(7,486)		(10,649)
Total long-term debt	52,592		112,245		257,514		422,351
Less: current portion of long-term debt	—		—		—		—
Total non-current portion of long-term debt	$	52,592	$	112,245	$	257,514	$	422,351

The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2025:

(in thousands)	2026 Notes		2027 Notes		2030 Notes		Total
Principal amount outstanding	$	20,000	$	265,000	$	115,000	$	400,000
Unamortized debt issuance cost	(46)		(2,789)		(3,141)		(5,976)
Total long-term debt	19,954		262,211		111,859		394,024
Less: current portion of long-term debt	(19,954)		—		—		(19,954)
Total non-current portion of long-term debt	$	—	$	262,211	$	111,859	$	374,070

Schedule of Interest Expense Recognized on the Long-Term Debt

The following table summarizes interest expense recognized on long-term debt:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2026		2025		2026		2025
Contractual interest expense	$	3,165	$	1,428	$	4,846	$	3,488
Amortization of debt issuance costs	667		578		1,265		1,132
Amortization of discount	—		—		—		35
Total interest expense	$	3,832	$	2,006	$	6,111	$	4,655

Schedule of Maturities of Long-term Debt

The following table summarizes the future principal payments as of June 30, 2026:

(in thousands)
2026, remaining	$	—
2027	53,000
2028	—
2029	—
2030	115,000
Thereafter	265,000
Total	$	433,000