Convertible Senior Notes and Capped Calls (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Outstanding Principal and Carrying Value of Convertible Senior Notes

The outstanding principal and carrying value of the convertible senior notes were as follows:

	As of			As of
(In thousands)	March 31, 2026			December 31, 2025
Convertible senior notes	$	201,250		$	201,250
Less: unamortized debt issuance costs		(7,825	)		(8,212	)
Non-current convertible senior notes	$	193,425		$	193,038

Interest Expense for 2030 Notes

The effective interest rate of the 2030 Notes over their expected life is 4.7%. The following is a summary of interest expense for the 2030 Notes:

	Three Months Ended
(In thousands)	March 31, 2026
Contractual interest	$	1,854
Amortization of issuance costs		387
Total interest expense	$	2,241