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Convertible Notes, Net (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Instruments [Abstract] |
Summary of Convertible Debt | The following table details the net book value of our convertible senior notes, or Convertible Notes, on our consolidated balance sheets ($ in thousands):
|  | Face Value |  |  |  |  |  |  |  |
Convertible Notes |  | September 30, 2025 |  | December 31, 2024 |  | Interest Rate |  | All-in Cost(1) |  | Conversion Price(2) |  | Maturity
Face value |  | $266,157 |  | $266,157 |  | 5.50% |  | 5.79% |  | $36.27 |  | March 15, 2027
Deferred financing costs and unamortized discount |  | (1,694) |  | (2,541) |  |  |  |  |  |  |  |
Net book value |  | $264,463 |  | $263,616 |  |  |  |  |  |  |  |
(1)Includes issuance costs that are amortized through interest expense over the life of the Convertible Notes using the effective interest method. (2)Represents the price of class A common stock per share based on a conversion rate of 27.5702 for the Convertible Notes. The conversion rate represents the number of shares of class A common stock issuable per $1,000 principal amount of Convertible Notes. The cumulative dividend threshold has not been exceeded as of September 30, 2025. The following table details our interest expense related to the Convertible Notes ($ in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Cash coupon | $3,660 |  | $3,874 |  | $10,979 |  | $12,124
Discount and issuance cost amortization | 282 |  | 305 |  | 847 |  | 944
Total interest expense | $3,942 |  | $4,179 |  | $11,826 |  | $13,068

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- Definition Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount. + References No definition available. + Details
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- References No definition available. + Details
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