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Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule Of Debt Instruments

Long-term debt consists of the following (in thousands):

 

 

 

As of December 31,

 

 

2025

 

 

2024

 

 

2032 4.25% Convertible Notes

 

$

50,000

 

 

$

-

 

 

2032 2.375% Convertible Notes

 

 

575,000

 

 

 

-

 

 

2036 2.00% Convertible Notes

 

 

1,150,000

 

 

 

-

 

 

2034 Convertible Notes

 

 

-

 

 

 

147,959

 

 

Prosperity Capital Equipment Loan

 

 

12,552

 

 

 

15,000

 

 

Prosperity Term Loan

 

 

4,242

 

 

 

4,506

 

 

Trinity Capital Equipment Loan(1)

 

 

52,641

 

 

 

 

 

UBS Bridge Financing Loan

 

 

420,000

 

 

 

-

 

 

Total debt

 

 

2,264,435

 

 

 

167,465

 

 

Less: current portion of long-term debt

 

 

(11,999

)

 

 

(2,919

)

 

Less: unamortized debt issuance costs(1)

 

 

(44,853

)

 

 

(8,973

)

 

Long-term debt, net of issuance costs

 

$

2,207,583

 

 

$

155,573

 

 

 

(1)
Includes unamortized end of term payments of $4.0 million.
Schedule of Future Contractual Maturities of Long-term Debt

The aggregate future contractual maturities of long-term debt were as follows as of December 31, 2025 (in thousands):

 

Year

 

As of December 31, 2025

 

2026

 

$

11,946

 

2027

 

 

433,159

 

2028

 

 

18,044

 

2029

 

 

12,586

 

2030

 

 

12,077

 

Thereafter

 

 

1,776,623

 

Total principal

 

$

2,264,435