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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Summary of Loss Before Provision (Benefit) for Income Taxes

Income (loss) before income tax (benefit) provision for the years ended December 31, 2025, 2024 and 2023 consists of the following:

			Year Ended December 31,
			2025						2024						2023
United States			$	(29,355)					$	(586,004)					$	(753,105)
Foreign			36,368						(7,154)						(38,148)
Income (loss) before income tax (benefit) provision			$	7,013					$	(593,158)					$	(791,253)

Summary of Components of the Provision (Benefit) for Income Taxes

The components of the income tax (benefit) provision consists of the following:

			Year Ended December 31,
			2025						2024						2023
Current:
Federal			$	—					$	10					$	—
State			2,251						607						433
Foreign			20,248						5,775						3,888
Total current provision			22,499						6,392						4,321
Deferred:
Federal			(13,946)						(64,196)						205
State			(3,682)						(29,022)						2,643
Foreign			(597)						485						3,001
Total deferred (benefit) provision			(18,225)						(92,733)						5,849
Total income tax (benefit) provision			$	4,274					$	(86,341)					$	10,170

Summary of Reconciliation

The reconciliation between income taxes computed at the U.S. statutory income tax rate to our (benefit) provision for income taxes for the years ended December 31, 2025, 2024 and 2023 is as follows: 

			Year ended December 31, 2025
			$						%
U.S. Federal Statutory Tax Rate			1,473						21.0		%
State and Local Income Taxes (1)			53						0.8		%
Effect of Cross-Border Tax Laws			991						14.1		%
Tax Credits
R&D Credit Generation			(31,275)						(446.0)		%
Changes in Valuation Allowance			50,856						725.2		%
Nontaxable or Nondeductible Items
Stock based compensation (benefit) expense			(121,405)						(1731.1)		%
Non-deductible executive compensation			81,305						1159.3		%
Non-deductible lobbying expenses			6,831						97.4		%
Mark-to-market earn-out gain			(7,957)						(113.5)		%
Other			9,327						133.0		%
Other Adjustments			1,021						14.6		%
Other Foreign Jurisdictions			(2,187)						(31.2)		%
Changes in Unrecognized Tax Benefits			15,241						217.3		%
Income Tax Expense			$	4,274					61.0		%

(1) State taxes attributable to New Jersey, New York State, New York City, and Michigan made up the majority (greater than 50 percent) of the tax effect in this category.

			Years Ended December 31,
			2024						2023
Benefit for income taxes at 21% rate			$	(124,563)					$	(166,217)
State taxes, net of federal benefit			(9,752)						(40,385)
Stock-based compensation (benefit) expense			(882)						26,155
Non-deductible lobbying expenses			6,924						1,009
Change in valuation allowance			18,307						130,817
Non-deductible executive compensation			18,275						30,106
Loss (gain) on remeasurement of warrant liabilities			1,270						12,084
Foreign rate differential			1,003						3,348
Income tax reserves			3,848						4,119
Other			(771)						9,134
Total income tax (benefit) provision			$	(86,341)					$	10,170

Summary of Components of Deferred Tax Assets (Liabilities)

Significant components of the Company’s deferred tax assets (liabilities) as of December 31, 2025 and 2024 are as follows:

			Year Ended December 31,
			2025						2024
Deferred tax assets:
Net operating loss carryforwards			$	1,190,449					$	1,100,214
R&D credit carryforwards			38,992						15
Intangible assets			13,867						13,770
Accrual and other temporary differences			64,877						78,535
Operating lease			16,096						22,239
Stock-based compensation			41,516						60,754
Capitalized research and development costs			174,642						199,663
Fixed assets			3,698						3,710
Gross deferred tax assets			1,544,137						1,478,900
Valuation allowance			(1,528,391)						(1,453,715)
Net deferred tax assets			$	15,746					$	25,185
Deferred tax liabilities:
Fixed assets			$	(139)					$	(108)
Intangible assets			(5,219)						(6,532)
Operating lease			(15,185)						(21,472)
Other			(2,658)						(4,041)
Gross deferred tax liabilities			(23,201)						(32,153)
Total net deferred tax liabilities			$	(7,455)					$	(6,968)

Schedule of Unrecognized Tax Benefits Roll Forward

			Year Ended December 31,
			2025						2024						2023
Unrecognized tax benefits at the beginning of the year			$	56,030					$	57,424					$	58,011
Additions for tax positions of prior years			—						—						1,026
Reduction for tax positions of prior years			(1,082)						(1,395)						(269)
Additions for tax positions of current year			16,711						377						449
Settlements			—						—						—
Foreign currency adjustments			11,235						(376)						(1,793)
Unrecognized tax benefits at the end of the year			$	82,894					$	56,030					$	57,424

Schedule of Income Taxes Paid

A reconciliation of income taxes paid (refunded) by jurisdictions is as follows:

			Year Ended December 31,
			2025
US Federal			$	617
US State
Pennsylvania			1,974
Illinois			1,541
New York			467
Other States			2,490
Foreign
Canada			2,202
Israel			(1,868)
Other Foreign Jurisdictions			813
Total			$	8,236

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