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Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt

Schedule of Debt

Our debt consists of the following:

		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			(3,269	)			(5,156	)
Total debt, net			257,731				448,344
Less: Current portion of long-term debt, net			—				(192,028	)
Total long-term debt, net		$	257,731			$	256,316

Aggregate Scheduled Maturities of Convertible Debt

The aggregate scheduled maturities of our convertible debt as of December 31, 2025 are as follows:

(In thousands)		Amount
Year ending December 31,
2026		$	—
2027			—
2028			261,000
Total		$	261,000

2023 Notes

Debt

Schedule of Components of Interest Expense

The following table sets forth total interest expense recognized related to the 2023 Notes for the year ended December 31, 2023:

		Year Ended December 31,
(In thousands)		2023
Contractual interest expense		$	85
Amortization of debt issuance costs			11
Total interest and amortization expense		$	96

2025 Notes

Debt

Summary of Liability and Equity Components of Convertible Notes

Our 2025 Notes balances 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 years ended December 31, 2025, 2024 and 2023:

		Year Ended December 31,
(In thousands)		2025				2024				2023
Contractual interest expense		$	3,002			$	4,813			$	4,813
Amortization of debt issuance costs			472				733				712
Total interest and amortization expense		$	3,474			$	5,546			$	5,525

2028 Notes

Debt

Summary of Liability and Equity Components of Convertible Notes

Our outstanding 2028 Notes balance consisted of the following:

		December 31,
(In thousands)		2025				2024
Principal		$	261,000			$	261,000
Debt discount and issuance costs, net			(3,269	)			(4,684	)
Net carrying amount		$	257,731			$	256,316

Schedule of Components of Interest Expense

The following table sets forth total interest expense recognized related to the 2028 Notes for the years ended December 31, 2025, 2024 and 2023:

		Year Ended December 31,
(In thousands)		2025				2024				2023
Contractual interest expense		$	5,546			$	5,546			$	5,546
Amortization of debt discount and issuance costs			1,415				1,377				1,342
Total interest and amortization expense		$	6,961			$	6,923			$	6,888

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