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Debt (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Convertible Debt
The following table summarizes the terms of our Convertible Senior Notes as of September 30, 2025 (in thousands, except per share conversion rates and prices):

2025 Notes2029 Notes2031 Notes
Aggregate principal amount at issuance$172,500 $402,500 $166,750 
Interest rate per annum1.5 %3.5 %4.5 %
Debt issuance costs$5,929 $11,628 $5,791 
Net proceeds$166,571 $390,872 $160,959 
Issuance dateOctober 22, 2018December 8, 2023August 21, 2025
Maturity dateOctober 15, 2025December 1, 2029August 15, 2031
Interest payment dates (1)
April 15 and October 15June 1 and December 1February 15 and August 15
Conversion rate per $1,000 of principal29.9135 26.3125 73.9098 
Conversion price$33.43 $38.00 $13.53 
Shares issuable upon conversion(2)
5,160 10,592 12,325 
Carrying value$5,118 $394,363 $161,065 
Unamortized debt discount and issuance costs— 8,137 5,685 
Outstanding principal$5,118 $402,500 $166,750 
Remaining amortization period (years)0.04.25.9
Fair value (3)
$5,082 $320,793 $163,098 
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(1)Holders of the Convertible Senior Notes are entitled to cash payments, which are payable semiannually in arrears on the dates indicated above.
(2)Measured in shares of the Company’s Class A common stock and represents the number of shares of the Company’s Class A common stock that the Convertible Senior Notes are convertible into as of September 30, 2025. Upon conversion, the Company will pay or deliver, as the case may be, cash or shares of the Company’s Class A common stock, or a combination of cash and shares of the Company’s Class A common stock, at the Company’s election.
(3)Fair values for notes are derived from available trading prices closest to the respective balance sheet date.
Schedule of Debt
Interest expense and amortization of debt issuance costs activity were as follows (in thousands):

For the Three Months Ended September 30,For the Nine Months Ended September 30,
2025202420252024
2031 Notes
Interest expense$833 $— $833 $— 
Amortization of debt issuance costs106 — 106 — 
Interest expense for 2031 Notes$939 $— $939 $— 
2029 Notes
Interest expense$3,522 $3,521 $10,566 $10,565 
Amortization of debt issuance costs483 481 1,447 1,441 
Interest expense for 2029 Notes$4,005 $4,002 $12,013 $12,006 
2022 Credit Agreement
Interest expense$9,386 $957 $20,631 $2,846 
Amortization of debt issuance costs1,585 79 2,372 238 
Interest expense for 2022 Credit Agreement$10,971 $1,036 $23,003 $3,084 
2025 Notes
Interest expense$375 $647 $1,669 $1,941 
Amortization of debt issuance costs185 325 837 971 
Interest expense for 2025 Notes$560 $972 $2,506 $2,912