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Convertible Notes
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Convertible Notes

12. Convertible Notes

The Company did not have any convertible notes outstanding as of December 31, 2025 and 2024.

During the first quarter of 2023, the holders of the remaining $10.4 million aggregate outstanding principal amount of the 2023 Notes elected to convert the notes pursuant to the original terms of the conversion feature. Accordingly, upon maturity, the Company paid $10.4 million in cash to settle the aggregate principal amount of the 2023 Notes and delivered approximately 0.3 million shares of the Company's common stock to settle the conversion spread.

In connection with the settlement of the conversion of the remaining 2023 Notes, the Company received 0.3 million shares of the Company’s common stock for the retirement of the remaining convertible senior note hedges and paid $10.7 million in cash for the retirement of the remaining warrants during the first quarter of 2023. Additionally, the retirement of the remaining warrants was subject to derivative accounting, resulting in a $0.2 million loss on fair value adjustment of derivatives for the year ended December 31, 2023.