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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Loss Before Income Taxes

For the years ended December 31, 2023, 2022, and 2021, our loss before income taxes was comprised of the following (in thousands):

			Year Ended December 31,
			2023						2022						2021
Domestic			$	(89,925)					$	(102,434)					$	(48,743)
Foreign			(18,307)						(47,794)						(39,120)
Total			$	(108,232)					$	(150,228)					$	(87,863)

Schedule of Components of Income Tax Expense

For the years ended December 31, 2023, 2022, and 2021, our income tax expense was comprised of the following (in thousands):

			Year Ended December 31,
			2023						2022						2021
Current:
Federal			$	34					$	72					$	15
State			223						119						79
Foreign			4,523						1,409						1,156
Total current expense			4,780						1,600						1,250
Deferred:
Federal			—						—						—
State			—						—						—
Foreign			(1,571)						(908)						(472)
Total deferred benefit			(1,571)						(908)						(472)
Total income tax expense			$	3,209					$	692					$	778

Schedule of Reconciliation of Statutory to Effective Income Tax Rate

For the years ended December 31, 2023, 2022, and 2021, the provision for income taxes differs from the amount computed by applying the federal statutory income tax rates to our loss before the provision for income taxes as follows:

			Year Ended December 31,
			2023						2022						2021
U.S. federal statutory tax rate			21.0		%				21.0		%				21.0		%
State tax expense			3.8						4.1						4.7
Foreign rate differential			(3.1)						(3.3)						(4.1)
Nondeductible expenses			(0.7)						(0.3)						(0.5)
Foreign tax expense			(0.4)						0.3						(0.2)
Equity compensation			(2.4)						1.0						7.0
Tax credits			9.5						4.7						5.0
Unrecognized tax benefits			(1.8)						(0.9)						(0.9)
Change in tax rate			(0.9)						0.3						(1.2)
Other			0.2						(0.5)						(0.1)
Deferred adjustments			(3.0)						(0.8)						0.9
Change in valuation allowance			(25.2)						(26.1)						(32.5)
Total			(3.0)		%				(0.5)		%				(0.9)		%

Schedule of Deferred Tax Assets and Liabilities

As of December 31, 2023 and 2022, significant components of our deferred tax assets and liabilities were as follows (in thousands):

			As of December 31,
			2023						2022
Deferred tax assets:
Net operating losses			$	103,299					$	85,442
Tax credits			29,582						21,215
Deferred revenue			861						416
Equity compensation			4,879						5,314
Lease liabilities			18,822						17,732
Accrued compensation			3,323						4,510
Bad debt			447						656
Other accrued expense			218						16
Capitalized research and development costs			35,047						29,991
Other			1,369						431
Gross deferred tax assets			197,847						165,723
Less: Valuation allowance			(161,966)						(132,581)
Total deferred tax assets			35,881						33,142
Deferred tax liabilities:
Prepaid expenses			(16,505)						(15,309)
Right-of-use assets			(10,626)						(10,056)
Depreciation			(3,779)						(4,275)
Intangible assets			(1,179)						(1,540)
Other			(341)						(123)
Total deferred tax liabilities			(32,430)						(31,303)
Net deferred tax assets			$	3,451					$	1,839

Schedule of Valuation Allowance

The following table summarizes the activity related to our valuation allowances for the years ended December 31, 2023, 2022, and 2021 (in thousands):

			Year Ended December 31,
			2023						2022						2021
Beginning balance			$	132,581					$	94,399					$	65,914
Charged to expense			27,267						39,203						28,450
Foreign currency translation adjustments			2,118						(1,021)						35
Deductions from reserve			—						—						—
Ending balance			$	161,966					$	132,581					$	94,399

Schedule of Activity Related to Unrecognized Tax Benefit

The following table summarizes the activity related to our unrecognized tax benefit from December 31, 2020 to December 31, 2023 (in thousands):

Balance as of December 31, 2020			$	2,277
Additions for tax positions in current years			812
Additions for tax positions in prior years			—
Reductions due to lapse in statutes of limitations			—
Settlements			—
Balance as of December 31, 2021			3,089
Additions for tax positions in current years			1,399
Additions for tax positions in prior years			—
Reductions due to lapse in statutes of limitations			—
Settlements			—
Balance as of December 31, 2022			4,488
Additions for tax positions in current years			1,740
Additions for tax positions in prior years			256
Reductions due to lapse in statutes of limitations			—
Settlements			—
Balance as of December 31, 2023			$	6,484

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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