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Debt (Tables)

9 Months Ended

Sep. 30, 2025

Debt

Schedule of Debt

Our debt consists of the following:

		September 30,				December 31,
(In thousands)		2025				2024
2025 Notes		$	—			$	192,500
2028 Notes			261,000				261,000
Total debt			261,000				453,500
Less: Unamortized debt discount and issuance costs			(3,623	)			(5,156	)
Total debt, net			257,377				448,344
Less: Current portion of long-term debt, net			—				(192,028	)
Total long-term debt, net		$	257,377			$	256,316

Aggregate Scheduled Maturities of Convertible Debt

The aggregate scheduled maturities of our convertible debt as of September 30, 2025 were as follows:

(In thousands)		Amount
Years ending December 31:
Remainder of 2025		$	—
2026			—
2027			—
2028			261,000
Total		$	261,000

2025 Notes

Debt

Summary of Liability and Equity Components of Convertible Notes

Our 2025 Notes balance consisted of the following as of December 31, 2024:

		December 31,
(In thousands)		2024
Principal		$	192,500
Debt discount and issuance costs, net			(472	)
Net carrying amount		$	192,028

Schedule of Components of Interest Expense

The following table sets forth total interest expense recognized related to the 2025 Notes for the three and nine months ended September 30, 2025 and 2024:

		Three Months Ended September 30,								Nine Months Ended September 30,
(In thousands)		2025				2024				2025				2024
Contractual interest expense		$	600			$	1,203			$	3,002			$	3,609
Amortization of debt issuance costs			97				184				472				548
Total interest and amortization expense		$	697			$	1,387			$	3,474			$	4,157

2028 Notes

Debt

Summary of Liability and Equity Components of Convertible Notes

Our outstanding 2028 Notes balance consisted of the following:

		September 30,				December 31,
(In thousands)		2025				2024
Principal		$	261,000			$	261,000
Debt issuance costs, net			(3,623	)			(4,684	)
Net carrying amount		$	257,377			$	256,316

Schedule of Components of Interest Expense

The following table sets forth total interest expense recognized related to the 2028 Notes for the three and nine months ended September 30, 2025 and 2024:

		Three Months Ended September 30,								Nine Months Ended September 30,
(In thousands)		2025				2024				2025				2024
Contractual interest expense		$	1,387			$	1,387			$	4,160			$	4,160
Amortization of debt issuance costs			358				349				1,061				1,033
Total interest and amortization expense		$	1,745			$	1,736			$	5,221			$	5,193

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