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Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Net Carrying Amount of the Outstanding Long-Term Debt
The following table sets forth the net carrying amount of the Company’s long-term debt (in thousands):
Debt InstrumentMaturity DateJune 30, 2025December 31, 2024
2030 Senior Notes
August 15, 2030$350,000 $400,000 
Term Loan under Credit Agreement (1)
February 14, 2028310,000 370,000 
Revolving Credit Facility under Credit Agreement (2)
February 14, 2028— — 
2026 Convertible NotesMarch 15, 2026609,065 609,065 
2025 Convertible Notes (3)
March 1, 2025— 161,326 
Total principal amount1,269,065 1,540,391 
Less: unamortized debt discount and issuance costs on long-term debt(8,282)(11,258)
Less: current portion of long-term debt, net (4)
(627,880)(181,252)
Net carrying amount of long-term debt$632,903 $1,347,881 
(1)The Company has $350.0 million available for drawdown under the Term Loan as of June 30, 2025.
(2)The Company has $225.0 million available for borrowing under the Revolving Credit Facility as of June 30, 2025.
(3)The Company settled the remaining $161.3 million principal of the 2025 Convertible Notes in cash on the original maturity date in March 2025.
(4)As of June 30, 2025, the current portion of long-term debt, net, consists of the $607.9 million net carrying amount of the 2026 Convertible Notes and $20.0 million in expected principal payments due on the Term Loan. The Term Loan requires quarterly principal payments of 1.25% of the $400.0 million principal amount drawn, with balance due at maturity.
Schedule of Future Minimum Principal Payments of the Term Facility
The following table sets forth the future minimum principal payments for long-term debt as of June 30, 2025 (in thousands):
2026 Convertible NotesTerm Loan2030 Senior NotesTotal
2025 remaining$— $10,000 $— $10,000 
2026609,065 20,000 — 629,065 
2027— 20,000 — 20,000 
2028— 260,000 — 260,000 
2029 onwards— — 350,000 350,000 
Total principal amount$609,065 $310,000 $350,000 $1,269,065 
Schedule of Debt Terms
2026 Convertible Notes
$1,000 principal amount initially convertible into number of the Company’s Class A Common Stock, par value $0.0001
2.3583 shares
Equivalent initial approximate conversion price per share
$424.03 
Schedule of Interest Expense on Long-Term Debt
The following table sets forth the interest expense recognized related to long-term debt (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Contractual interest expense$14,603 $14,718 $28,941 $29,676 
Amortization of debt discount and issuance costs1,250 1,011 2,381 2,014 
Total interest expense related to long-term debt$15,853 $15,729 $31,322 $31,690