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Debt (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Current and long term debt as of September 30, 2025 and December 31, 2024 consisted of the following:
September 30, 2025December 31, 2024
(in thousands)
Convertible Senior Notes$205,067 $205,067 
Less: Unamortized debt issuance costs
(545)(1,424)
Net carrying value of Convertible Senior Notes
204,522 203,643 
2024 Term Loan B Facility
361,361 363,177 
Less: Unamortized debt discount and issuance costs
(9,618)(13,075)
Net carrying value of 2024 Term Loan B Facility
351,743 350,102 
Balance Sheet Presentation:
Debt, current, net of debt issuance costs
208,154 3,641 
Debt, non-current, net of debt discount and issuance costs
348,111 550,104 
Total debt
$556,265 $553,745 
Schedule of Maturities of Long-term Debt
Maturities of the principal amount of the Company's debt were as follows as of September 30, 2025 (in thousands):
Fiscal Year
Remaining 2025$908 
2026208,699 
20273,632 
20283,632 
20293,632 
Thereafter345,925 
Total$566,428 
The estimated remaining amortization expense for the Company's debt issuance costs related to the Convertible Senior Notes was as follows as of September 30, 2025 (in thousands):
Fiscal YearDebt Issuance Costs
Remaining 2025$293 
2026252 
Total$545 
mortization expense for the 2024 Term Loan B Facility debt discount and debt issuance costs was as follows as of September 30, 2025 (in thousands):
Fiscal YearDebt DiscountDebt Issuance Costs
Remaining 2025$215 $246 
2026856 978 
2027847 968 
2028839 958 
2029830 948 
Thereafter903 1,030 
Total$4,490 $5,128 
Summary of Interest Expense and Interest Income
The following table sets forth interest expense related to the Convertible Senior Notes for the three and nine months ended September 30, 2025 and 2024 (in thousands, except interest rates):
Three Months EndedNine Months Ended
September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Contractual interest expense$129 $129 $385 $385 
Amortization of debt issuance costs292 293 879 880 
Total interest expense$421 $422 $1,264 $1,265 
Effective interest rate0.82 %0.82 %0.82 %0.82 %
The following table sets forth interest expense related to the 2024 Term Loan B Facility and the 2021 Term Loan B Facility (in thousands, except interest rates):
Three Months EndedNine Months Ended
September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Contractual interest expense$6,786 $9,084 $20,738 $27,282 
Amortization of debt discount216 264 688 848 
Amortization of debt issuance costs247 292 776 1,008 
Total interest expense$7,249 $9,640 $22,202 $29,138 
Effective interest rate8.00 %10.59 %8.16 %10.71 %
The following includes interest expense and interest income, as presented within interest expense, net in the condensed consolidated statement of operations (in thousands):
Three Months EndedNine Months Ended
September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Interest expense
$7,901 $10,522 $24,122 $31,140 
Interest income
(3,233)(3,674)(9,206)(9,541)
Interest expense, net
$4,668 $6,848 $14,916 $21,599 
Schedule of Debt
The following table summarizes the amount outstanding under the Company's 2024 Term Loan B Facility at September 30, 2025 and December 31, 2024:
September 30, 2025December 31, 2024
(in thousands)
2024 Term Loan B Facility
$361,361 $363,177 
Unamortized debt discount
(4,490)(6,198)
Unamortized debt issuance costs(5,128)(6,877)
2024 Term Loan B Facility, net of debt discount and issuance costs
$351,743 $350,102