v3.26.1
Convertible Senior Notes
6 Months Ended
Jun. 30, 2026
Convertible Senior Notes  
Convertible Senior Notes

Note 11. Convertible Senior Notes

Convertible Senior Notes payable consisted of the following at June 30, 2026 and December 31, 2025 (in thousands):

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June 30, 

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December 31, 

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2026

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2025

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Principal amount of 2026 Convertible Senior Notes

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$

186,185

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$

186,185

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Less: unamortized debt issuance costs

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(498)

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(1,091)

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Total carrying value of Convertible Senior Notes, net

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$

185,687

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$

185,094

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The 2026 Convertible Senior Notes payable of $186.2 million are due and payable in December 2026. The 2025 Convertible Senior Notes matured on June 1, 2025.

Interest expense incurred in connection with the Convertible Senior Notes consisted of the following for the three and six months ended June 30, 2026 and 2025 (in thousands):

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Three Months Ended

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Six Months Ended

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June 30, 

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June 30, 

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2026

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2025

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2026

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2025

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Coupon interest

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$

349

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$

421

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$

698

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$

878

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Amortization of debt issuance costs

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297

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312

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594

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​

631

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Total interest expense on Convertible Senior Notes

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$

646

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$

733

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$

1,292

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$

1,509

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See Note 12 – Convertible Senior Notes to the Company’s consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 for additional information related to the Company’s Convertible Senior Notes.