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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
INCOME TAXES |
Schedule of components of net income (loss) before income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31,
​ | ​ | 2024 |  | 2023 |  | 2022
U.S. | ​ | $ | 9,174 | ​ | $ | (3,126) | ​ | $ | 5,827
Foreign | ​ |  | (7,265) | ​ |  | (18,548) | ​ |  | (15,957)
Net income (loss) before income taxes | ​ | $ | 1,909 | ​ | $ | (21,674) | ​ | $ | (10,130)
Schedule of Income tax benefit (expense) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31,
​ | ​ | 2024 |  | 2023 |  | 2022
Current income taxes: |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | 1,448 | ​ | $ | (279) | ​ | $ | 1,696
State and local | ​ | ​ | 855 | ​ | ​ | 1,568 | ​ | ​ | 1,068
Foreign | ​ |  | 2,204 | ​ |  | 1,347 | ​ |  | 577
Total current | ​ |  | 4,507 | ​ |  | 2,636 | ​ |  | 3,341
Deferred income taxes: | ​ |  |  | ​ |  |  | ​ |  |
Federal | ​ | ​ | 42,346 | ​ | ​ | (9,224) | ​ | ​ | 904
State and local | ​ |  | 9,111 | ​ |  | (1,552) | ​ |  | 72
Foreign | ​ |  | (1,326) | ​ |  | (441) | ​ |  | (2,143)
Total deferred | ​ |  | 50,131 | ​ |  | (11,217) | ​ |  | (1,167)
Income tax expense (benefit) | ​ | $ | 54,638 | ​ | $ | (8,581) | ​ | $ | 2,174
Schedule of reconciliation of the effective tax rate to tax | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |  | 2022 |
​ | ​ | Total | ​ | Tax Rate | ​ | Total | ​ | Tax Rate |  | Total | ​ | Tax Rate |
Pretax net income (loss) | ​ | $ | 1,909 | ​ | ​ | ​ | $ | (21,674) |  |  | ​ | $ | (10,130) |  |  | ​
Taxes: | ​ |  | ​ | ​ | ​ | ​ |  | ​ |  |  | ​ |  | ​ |  |  | ​
U.S. federal income tax at statutory rate | ​ | $ | 401 | ​ | 21.0 | % | $ | (4,552) |  | 21.0 | % | $ | (2,128) |  | 21.0 | %
State income taxes | ​ | ​ | 900 | ​ | 47.1 | % | ​ | 289 |  | (1.3) | % | ​ | 441 |  | (4.4) | %
Stock-based compensation expense | ​ | ​ | (20,559) | ​ | (1,077.0) | % | ​ | (6,236) | ​ | 28.8 | % | ​ | 1,787 | ​ | (17.6) | %
Impact of foreign operations | ​ |  | 833 | ​ | 43.6 | % |  | 1,463 | ​ | (6.8) | % |  | 1,352 | ​ | (13.3) | %
Transaction costs | ​ | ​ | 431 | ​ | 22.6 | % | ​ | — | ​ | 0.0 | % | ​ | 176 | ​ | (1.7) | %
U.S. taxation of foreign earnings | ​ | ​ | 2 | ​ | 0.1 | % | ​ | (245) | ​ | 1.1 | % | ​ | (179) | ​ | 1.8 | %
Nondeductible compensation | ​ | ​ | 3,948 | ​ | 206.8 | % | ​ | 2,822 | ​ | (13.0) | % | ​ | 485 | ​ | (4.8) | %
Tax credits | ​ | ​ | (4,920) | ​ | (257.7) | % | ​ | (5,818) | ​ | 26.8 | % | ​ | (341) | ​ | 3.4 | %
Change in valuation allowance | ​ | ​ | 67,135 | ​ | 3,516.8 | % | ​ | 3,386 | ​ | (15.6) | % | ​ | 427 | ​ | (4.2) | %
Purchase commitment and contingent consideration liabilities | ​ | ​ | 6,186 | ​ | 324.0 | % | ​ | — |  | 0.0 | % | ​ | — |  | 0.0 | %
Changes in prior year unrecognized tax benefits | ​ | ​ | 98 | ​ | 5.1 | % | ​ | 451 | ​ | (2.1) | % | ​ | — | ​ | 0.0 | %
Other permanent items, net | ​ | ​ | 183 | ​ | 9.7 | % | ​ | (141) |  | 0.7 | % | ​ | 154 |  | (1.7) | %
Taxes and effective tax rate | ​ | $ | 54,638 |  | 2,862.1 | % | $ | (8,581) |  | 39.6 | % | $ | 2,174 |  | (21.5) | %
Schedule of significant components of the Company's net deferred tax assets (liabilities) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
Deferred tax assets: |  | 2024 |  | 2023
Deferred revenue | ​ | $ | 1,512 | ​ | $ | 3,523
State operating loss carry forwards | ​ |  | 3,674 | ​ |  | 2,682
Federal and foreign loss carry forwards | ​ |  | 8,651 | ​ |  | 4,361
Accrued expenses | ​ |  | 1,754 | ​ |  | 2,239
Accrued compensation | ​ |  | 3,440 | ​ |  | 2,339
Deferred and stock-based compensation | ​ |  | 13,826 | ​ |  | 19,008
Operating lease liabilities | ​ | ​ | 4,185 | ​ | ​ | 5,151
Tax credits | ​ | ​ | 5,160 | ​ | ​ | 3,662
Original issue discount | ​ |  | 9,396 | ​ |  | —
Depreciation and amortization | ​ | ​ | 14,964 | ​ | ​ | 6,417
Other | ​ |  | — | ​ |  | 2,721
Deferred tax assets | ​ |  | 66,562 | ​ |  | 52,103
Valuation allowance | ​ |  | (72,285) | ​ |  | (5,941)
Total deferred tax assets | ​ |  | (5,723) | ​ |  | 46,162
Deferred tax liabilities: | ​ |  |  | ​ |  |
Prepaid expenses | ​ | ​ | (671) | ​ | ​ | (1,026)
Right of use asset | ​ |  | (3,006) | ​ |  | (3,428)
Other | ​ | ​ | (499) | ​ | ​ | —
Total deferred tax liabilities | ​ |  | (4,176) | ​ |  | (4,454)
Net deferred tax assets (liabilities) | ​ | $ | (9,899) | ​ | $ | 41,708
​ | ​ | ​ | ​ | ​ | ​ | ​
Classification in the consolidated balance sheets: | ​ | ​ | ​ | ​ | ​ | ​
Deferred income tax assets | ​ | $ | 19 | ​ | $ | 41,708
Deferred income tax liabilities | ​ | ​ | (9,918) | ​ | ​ | —
Net deferred tax assets (liabilities) | ​ | $ | (9,899) | ​ | $ | 41,708
Schedule of changes in valuation allowance | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31,
​ | ​ | 2024 |  | 2023 |  | 2022
Valuation allowance, at beginning of year | ​ | $ | (5,941) | ​ | $ | (2,285) | ​ | $ | (1,839)
Increase in valuation allowance recorded through earnings | ​ | ​ | (68,377) | ​ | ​ | (3,656) | ​ | ​ | (624)
Decrease in valuation allowance recorded through earnings | ​ |  | 2,033 | ​ |  | — | ​ |  | 178
Valuation allowance, at end of year | ​ | $ | (72,285) | ​ | $ | (5,941) | ​ | $ | (2,285)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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