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Long-Term Debt, Net (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The carrying amount and fair value of our Convertible Notes were as follows (in thousands).
|  | September 30, 2025 |  | December 31, 2024
Principal amount |  |  |  |
2027 Convertible Notes |  | $ | 805,000 |  |  | $ | 805,000 |
2028 Convertible Notes |  | 720,000 |  |  | 720,000 |
Total principal amount |  | $ | 1,525,000 |  |  | $ | 1,525,000 |
Unamortized debt discount |  |  |  |
2027 Convertible Notes |  | $ | (4,928) |  |  | $ | (7,518) |
2028 Convertible Notes |  | (9,315) |  |  | (11,684) |
Total unamortized debt discount |  | $ | (14,243) |  |  | $ | (19,202) |
Carrying amount |  |  |  |
2027 Convertible Notes |  | $ | 800,072 |  |  | $ | 797,482 |
2028 Convertible Notes |  | 710,685 |  |  | 708,316 |
Total carrying amount |  | $ | 1,510,757 |  |  | $ | 1,505,798 |
Fair value based on trading levels (Level 2) |  |  |  |
2027 Convertible Notes |  | $ | 930,685 |  |  | $ | 769,218 |
2028 Convertible Notes |  | 1,028,858 |  |  | 779,882 |
Total fair value of outstanding notes |  | $ | 1,959,543 |  |  | $ | 1,549,100 |
Remaining amortization per period of debt discount (in years) |  |  |  |
2027 Convertible Notes |  | 1.4 |  | 2.2
2028 Convertible Notes |  | 2.9 |  | 3.6
Schedule of Interest Income and Interest Expense Disclosure | The following table summarizes the components of interest expense and the effective interest rates for each of our Convertible Notes (in thousands).
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Coupon interest |  |  |  |  |  |  |  |
2027 Convertible Notes |  | $ | 503 |  | $ | 503 |  | $ | 1,509 |  | $ | 1,509
2028 Convertible Notes |  | 1,800 |  | 1,800 |  | 5,400 |  | 5,400
Total coupon interest |  | $ | 2,303 |  | $ | 2,303 |  | $ | 6,909 |  | $ | 6,909
Amortization of debt discount |  |  |  |  |  |  |  |
2027 Convertible Notes |  | $ | 865 |  | $ | 859 |  | $ | 2,590 |  | $ | 2,572
2028 Convertible Notes |  | 792 |  | 781 |  | 2,369 |  | 2,334
Total amortization of debt discount |  | $ | 1,657 |  | $ | 1,640 |  | $ | 4,959 |  | $ | 4,906
Interest expense |  |  |  |  |  |  |  |
2027 Convertible Notes |  | $ | 1,368 |  | $ | 1,362 |  | $ | 4,099 |  | $ | 4,081
2028 Convertible Notes |  | 2,592 |  | 2,581 |  | 7,769 |  | 7,734
Total interest expense |  | $ | 3,960 |  | $ | 3,943 |  | $ | 11,868 |  | $ | 11,815
Effective interest rates |  |  |  |  |  |  |  |
2027 Convertible Notes |  | 0.7 | % |  | 0.7 | % |  | 0.7 | % |  | 0.7 | %
2028 Convertible Notes |  | 1.5 | % |  | 1.5 | % |  | 1.5 | % |  | 1.5 | %

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