Debt (Tables)

9 Months Ended

Sep. 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 September 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	(331)		(2,562)		(7,089)		(9,982)
Total long-term debt	52,669		112,438		257,911		423,018
Less: current portion of long-term debt	—		—		—		—
Total non-current portion of long-term debt	$	52,669	$	112,438	$	257,911	$	423,018

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 September 30,				Nine Months Ended September 30,
(in thousands)	2026		2025		2026		2025
Contractual interest expense	$	3,103	$	1,431	$	7,949	$	4,919
Amortization of debt issuance costs	667		585		1,932		1,716
Amortization of discount	—		—		—		35
Total interest expense	$	3,770	$	2,016	$	9,881	$	6,670

Schedule of Maturities of Long-term Debt

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

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