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Long-Term Debt (Tables)
 9 Months Ended
Sep. 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 DateSeptember 30, 2025December 31, 2024
2030 Senior Notes
Aug 15, 2030$350,000 $400,000 
Term Loan under Credit Agreement (1)
Sep 11, 2030306,125 370,000 
Revolving Credit Facility under Credit Agreement (2)
Sep 11, 2030— — 
2026 Convertible NotesMar 15, 2026609,065 609,065 
2025 Convertible Notes (3)
Mar 1, 2025— 161,326 
Total principal amount1,265,190 1,540,391 
Less: unamortized debt discount and issuance costs on long-term debt(8,280)(11,258)
Less: current portion of long-term debt, net (4)
(623,798)(181,252)
Net carrying amount of long-term debt$633,112 $1,347,881 
(1)The Company has $650.0 million available for drawdown under the Term Loan as of September 30, 2025.
(2)The Company has $305.0 million available for borrowing under the Revolving Credit Facility as of September 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 September 30, 2025, the current portion of long-term debt, net, consists of the $608.3 million net carrying amount of the 2026 Convertible Notes and $15.5 million in expected principal payments due on the Term Loan. The Term Loan requires quarterly principal payments of 1.25% of the refinanced $310.0 million principal amount drawn, with balance due at maturity.
Schedule of Future Minimum Principal Payments of the Term Facility
The following table sets forth the future minimum principal payments for long-term debt as of September 30, 2025 (in thousands):
2026 Convertible NotesTerm Loan2030 Senior NotesTotal
2025 remaining$— $3,875 $— $3,875 
2026609,065 15,500 — 624,565 
2027— 15,500 — 15,500 
2028— 15,500 — 15,500 
2029 onwards— 255,750 350,000 605,750 
Total principal amount$609,065 $306,125 $350,000 $1,265,190 
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
September 30,		Nine Months Ended
September 30,
2025202420252024
Contractual interest expense$12,073 $14,839 $41,014 $44,515 
Amortization of debt discount and issuance costs1,172 1,098 3,553 3,112 
Total interest expense related to long-term debt$13,245 $15,937 $44,567 $47,627