v3.25.4

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The components of loss before the provision for income taxes are as follows (in thousands):

																		Years Ended December 31,
																		2025						2024						2023
United States																		$	(91,633)					$	(29,969)					$	(310,243)
Foreign																		7,229						3,612						4,200
Total																		$	(84,404)					$	(26,357)					$	(306,043)

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consists of the following (in thousands):

																		Years Ended December 31,
																		2025						2024						2023
Current:
Federal																		$	—					$	—					$	—
State																		241						(13)						246
Foreign																		2,387						1,182						1,640
Total current																		2,628						1,169						1,886
Deferred:
Federal																		—						—						—
State																		—						—						—
Foreign																		108						(323)						8
Total deferred																		108						(323)						8
Total provision for income taxes																		$	2,736					$	846					$	1,894

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. federal statutory income tax rate to our effective tax rate is as follows (in thousands):

			Years Ended December 31,
			2025									2024									2023
			Amounts			%						Amounts			%						Amounts			%
U.S. federal statutory income tax rate			$	(17,725)		21.0		%				$	(5,534)		21.0		%				$	(64,270)		21.0		%
Domestic federal
Tax credits
Nontaxable or nondeductible items
Non-deductible compensation			15,113			(17.9)		%				4,654			(17.7)		%				6,295			(2.1)		%
ISO/ESPP disqualifying dispositions			(6,544)			7.8		%				(221)			0.8		%				(316)			0.1		%
Loss on debt borrowings			16,724			(19.8)		%				5,458			(20.7)		%				—			—		%
Loss on SK Equity Transaction			—			—		%				—			—		%				11,811			(3.9)		%
Other nontaxable or nondeductible items			601			(0.7)		%				403			(1.5)		%				654			(0.2)		%
Excess tax (benefits)/deficits of stock-based compensation			(31,552)			37.4		%				5,992			(22.7)		%				1,828			(0.6)		%
Cross-border tax laws
Global intangible low-taxed income			—			—		%				428			(1.6)		%				86			—		%
Changes in valuation allowance			25,008			(29.6)		%				(10,288)			39.0		%				43,271			(14.1)		%
Other
Tax on noncontrolling interest			(272)			0.3		%				(425)			1.6		%				1,222			(0.4)		%
Domestic state and local income taxes, net of federal effect			241			(0.3)		%				(13)			—		%				246			(0.1)		%
Foreign tax effects
India
Statutory tax rate difference between India and U.S.			182			(0.2)		%				290			(1.1)		%				18			—		%
Prior Year return-to-provision true-up			375			(0.4)		%				56			(0.2)		%				239			(0.1)		%
Other			14			—		%				(68)			0.3		%				(58)			—		%
Japan
Change in valuation allowance			(407)			0.5		%				(1,090)			4.1		%				240			(0.1)		%
Prior Year return-to-provision true-up			367			(0.4)		%				1,034			(3.9)		%				—			—		%
Other			51			(0.1)		%				188			(0.7)		%				13			—		%
Korea
Statutory tax rate difference between Korea and U.S.			496			(0.6)		%				329			(1.2)		%				243			(0.1)		%
Prior Year return-to-provision true-up			(56)			0.1		%				(287)			1.1		%				(222)			0.1		%
Other			51			(0.1)		%				(25)			0.1		%				26			—		%
Other foreign jurisdictions			69			(0.1)		%				(35)			0.1		%				568			(0.2)		%
Provision for income taxes/Effective tax rate			$	2,736		(3.2)		%				$	846		(3.2)		%				$	1,894		(0.6)		%

1 For the year ended December 31, 2025, state taxes in Massachusetts and West Virginia comprise the majority of the state and local income taxes, net of federal effect category. For the year ended December 31, 2024, state taxes in Massachusetts and New York comprise the majority of the state and local income taxes, net of federal effect category. For the year ended December 31, 2023, state taxes in Oregon and New Jersey comprise the majority of the state and local income taxes, net of federal effect category.

2 None of the remaining foreign jurisdictions for which there are foreign tax effects reconciling items meet the 5% threshold in any of the years presented. There are no additional reconciling items by nature in any of the remaining foreign jurisdictions that meet the 5% threshold in any of the years presented.

Schedule of Cash Flow, Supplemental Disclosures

A reconciliation of the income tax paid table by jurisdictions is as follows (in thousands):

																		Years Ended December 31,
																		2025						2024						2023
Income Taxes paid (net of refunds)
U.S. federal																		$	—					$	—					$	—
U.S. state and local
Connecticut																		*						*						94
Oregon																		*						*						160
New York																		89						*						*
Other																		90						86						67
																		179						86						322
Foreign
India																		906						357						380
Korea																		342						825						677
Japan																		*						*						*
Taiwan																		173						*						*
Other																		106						156						76
																		1,527						1,338						1,133
Total																		$	1,706					$	1,424					$	1,455

* The amount of income taxes paid during the year does not meet the 5% disaggregation threshold

Schedule of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities consist of the following (in thousands): 

																		December 31,
																		2025						2024
Tax credits and net operating loss carryforwards																		$	623,907					$	604,681
Lease liabilities																		104,672						103,313
Research and development expenditures capitalization																		63,373						71,229
Accruals and reserves																		61,781						29,509
Disallowed Interest expenses																		26,078						27,873
Stock-based compensation																		20,969						18,808
Depreciation and amortization																		11,256						14,131
Investment in partnerships																		11,173						—
Deferred revenue																		9,963						9,603
Other items—deferred tax assets																		7,098						2,544
Gross deferred tax assets																		940,270						881,691
Valuation allowance																		(872,631)						(816,257)
Net deferred tax assets																		67,639						65,434
Right-of-use assets and leased assets																		(59,835)						(60,043)
Capitalized Commission																		(6,024)						(3,503)
Gross deferred tax liabilities																		(65,859)						(63,546)
Net deferred tax asset																		$	1,780					$	1,888

Summary of Operating Loss Carryforwards

The expiration of federal and California net operating loss carryforwards is summarized as follows (in billions):

						Federal						California
Expire in 2026 - 2030						$	0.4					$	0.3
Expire in 2031 - 2035						1.0						0.6
Expire beginning in 2035						0.2						0.5
Carryforward indefinitely						0.6						—
Total						$	2.3					$	1.5

Summary of Tax Credit Carryforwards

The expiration of the federal and California credit carryforwards is summarized as follows (in millions):

						Federal						California
Expire in 2026 - 2030						$	6.3					$	—
Expire in 2031 - 2035						11.7						—
Expire beginning in 2035						36.5						—
Carryforward indefinitely						—						21.8
Total						$	54.5					$	21.8

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits were as follows (in thousands):

																		Years Ended December 31,
																		2025						2024						2023
Unrecognized tax benefits beginning balance																		$	63,951					$	58,157					$	48,389
Gross decrease for tax positions of prior year																		(326)						(145)						(152)
Gross increase for tax positions of prior year																		—						—						1,307
Gross increase for tax positions of current year																		6,655						5,939						8,613
Unrecognized tax benefits end balance																		$	70,280					$	63,951					$	58,157

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 supplemental cash flow information for the periods presented.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
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 S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: 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 pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-3

+ Details

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

X

- Definition

Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-3

+ Details

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