Quarterly report [Sections 13 or 15(d)]

Long-Term Debt (Tables)

v3.26.1
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2026
Long-Term Debt  
Schedule of components of convertible notes

Convertible Senior Notes due January 2031

March 31, 2026

December 31, 2025

Notes issued at face value

120,000

120,000

Unamortized debt discount

(47,358)

(48,375)

Unamortized debt issuance costs (debt discount)

(5,078)

(5,204)

Long-term debt, net

67,564

66,421

Convertible Senior Notes due January 2031

Carrying Value

Fair Value (1)

Valuation Level

Balance, December 31, 2025

66,421

137,672

Level 3

Amortization of debt discount

1,459

Foreign exchange loss (gain)

(316)

Balance, March 31, 2026

67,564

138,343

Level 3

(1) The reported fair value of Convertible Notes relates to the entire debt instrument inclusive of the fair value associated with the related Conversion Option Derivative that has been bifurcated and accounted for separately.  Refer to note 15 for fair value information related to the Conversion Option Derivative.