XML 53 R37.htm IDEA: XBRL DOCUMENT v3.25.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Loss Before Income Taxes

For the years ended December 31, 2024, 2023, and 2022, our loss before income taxes was comprised of the following (in thousands):

			Year Ended December 31,
			2024						2023						2022
Domestic			$	(55,183)					$	(89,925)					$	(102,434)
Foreign			(36,025)						(18,307)						(47,794)
Total			$	(91,208)					$	(108,232)					$	(150,228)

Schedule of Components of Income Tax Expense

For the years ended December 31, 2024, 2023, and 2022, our income tax expense was comprised of the following (in thousands):

			Year Ended December 31,
			2024						2023						2022
Current:
Federal			$	(10)					$	34					$	72
State			149						223						119
Foreign			1,864						4,523						1,409
Total current expense			2,003						4,780						1,600
Deferred:
Federal			—						—						—
State			—						—						—
Foreign			(949)						(1,571)						(908)
Total deferred benefit			(949)						(1,571)						(908)
Total income tax expense			$	1,054					$	3,209					$	692

Schedule of Reconciliation of Statutory to Effective Income Tax Rate

For the years ended December 31, 2024, 2023, and 2022, 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,
			2024						2023						2022
U.S. federal statutory tax rate			21.0		%				21.0		%				21.0		%
State tax expense			4.3						3.8						4.1
Foreign rate differential			(4.0)						(3.1)						(3.3)
Nondeductible expenses			(1.0)						(0.7)						(0.3)
Foreign tax expense			0.1						(0.4)						0.3
Equity compensation			3.7						(2.4)						1.0
Tax credits			7.3						9.5						4.7
Unrecognized tax benefits			(1.5)						(1.8)						(0.9)
Global intangible low-taxed income			(3.0)						—						—
Change in tax rate			0.8						(0.9)						0.3
Other			(0.5)						0.2						(0.5)
Return to provision			3.3						—						—
Deferred adjustments			(1.4)						(3.0)						(0.8)
Change in valuation allowance			(30.3)						(25.2)						(26.1)
Total			(1.2)		%				(3.0)		%				(0.5)		%

Schedule of Deferred Tax Assets and Liabilities

As of December 31, 2024 and 2023, significant components of our deferred tax assets and liabilities were as follows (in thousands):

			As of December 31,
			2024						2023
Deferred tax assets:
Net operating losses			$	107,170					$	103,299
Tax credits			34,885						29,582
Deferred revenue			521						861
Equity compensation			3,994						4,879
Lease liabilities			17,465						18,822
Accrued compensation			3,225						3,323
Bad debt			502						447
Other accrued expense			318						218
Capitalized research and development costs			45,820						35,047
Other			4,033						1,369
Gross deferred tax assets			217,933						197,847
Less: Valuation allowance			(187,969)						(161,966)
Total deferred tax assets			29,964						35,881
Deferred tax liabilities:
Prepaid expenses			(13,298)						(16,505)
Right-of-use assets			(8,406)						(10,626)
Depreciation			(3,245)						(3,779)
Intangible assets			(688)						(1,179)
Other			(198)						(341)
Total deferred tax liabilities			(25,835)						(32,430)
Net deferred tax assets			$	4,129					$	3,451

Schedule of Valuation Allowance

The following table summarizes the activity related to our valuation allowances for the years ended December 31, 2024, 2023, and 2022 (in thousands):

			Year Ended December 31,
			2024						2023						2022
Beginning balance			$	161,966					$	132,581					$	94,399
Charged to expense			27,605						27,267						39,203
Foreign currency translation adjustments			(1,602)						2,118						(1,021)
Deductions from reserve			—						—						—
Ending balance			$	187,969					$	161,966					$	132,581

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the activity related to our unrecognized tax benefit from December 31, 2021 to December 31, 2024 (in thousands):

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
Additions for tax positions in current years			1,374
Reductions for tax positions in prior years			(18)
Reductions due to lapse in statutes of limitations			—
Settlements			—
Balance as of December 31, 2024			$	7,840

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration