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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Summary of Net Loss Before Provision for Income Taxes | Net loss before provision for income taxes consisted of the following (in thousands):
| Year ended December 31,
| 2023 |  | 2022 |  | 2021
United States | $ | (190,912) |  |  | $ | (898,036) |  |  | $ | (394,392) |
International | 34,067 |  |  | 23,983 |  |  | 20,670 |
Total net loss before provision for income taxes | $ | (156,845) |  |  | $ | (874,053) |  |  | $ | (373,722) |
Summary of Provision for Income Taxes | The provision for income taxes consisted of the following (in thousands):
| Year ended December 31,
| 2023 |  | 2022 |  | 2021
Current |  |  |  |  |
Federal | $ | — |  |  | $ | — |  |  | $ | — |
State | 1,792 |  |  | 1,104 |  |  | 746 |
Foreign | 5,972 |  |  | 4,710 |  |  | 3,580 |
Total current | $ | 7,764 |  |  | $ | 5,814 |  |  | $ | 4,326 |
Deferred |  |  |  |  |
Federal | $ | — |  |  | $ | — |  |  | $ | — |
State | — |  |  | — |  |  | — |
Foreign | 631 |  |  | (701) |  |  | (1,798) |
Total deferred | 631 |  |  | (701) |  |  | (1,798) |
Total income tax provision | $ | 8,395 |  |  | $ | 5,113 |  |  | $ | 2,528 |
Summary of Variation of Effective Provision for (Benefit from) Income Taxes from Statutory Federal Income Tax Rate | The provision for income taxes differed from the amounts computed by applying the U.S. federal income tax rate to pretax loss as a result of the following (in thousands):
| Year ended December 31,
| 2023 |  | 2022 |  | 2021
Federal tax benefit at statutory rate | $ | (32,937) |  |  | $ | (183,551) |  |  | $ | (78,482) |
State tax, net of federal tax benefit | 1,415 |  |  | 848 |  |  | 314 |
Research and development credits | (11,574) |  |  | (12,830) |  |  | (10,135) |
Share-based compensation | 10,956 |  |  | 5,828 |  |  | (45,501) |
Loss on debt extinguishment | — |  |  | 19 |  |  | 365 |
Other permanent differences | 1,674 |  |  | 3,143 |  |  | 835 |
Global intangible low-taxed income | 3,035 |  |  | — |  |  | — |
Foreign tax rate differential | 548 |  |  | (2,497) |  |  | (4,104) |
Net operating losses not recognized | 35,278 |  |  | 194,153 |  |  | 139,236 |
Release of valuation allowance associated with acquisitions | — |  |  | — |  |  | — |
Total income tax provision | $ | 8,395 |  |  | $ | 5,113 |  |  | $ | 2,528 |
Summary of Deferred Income Tax Assets and Liabilities | The types of temporary differences that give rise to significant portions of the Company’s deferred tax assets and liabilities are as follows (in thousands):
| Year ended December 31,
| 2023 |  | 2022
Deferred tax assets |  |  |
Net operating loss and credit carry-forwards | $ | 463,400 |  |  | $ | 491,323 |
Research and development credits | 87,111 |  |  | 71,756 |
Research and development expenditure capitalization | 130,792 |  |  | 75,821 |
Basis difference in investments | 40,655 |  |  | 107,756 |
Sales tax accrual | 67 |  |  | 90 |
Share-based compensation | 21,014 |  |  | 14,986 |
Acquired intangibles | 76,171 |  |  | 50,156 |
Accrued liabilities | 17,994 |  |  | 16,550 |
Gross deferred tax assets | 837,204 |  |  | 828,438 |
Valuation allowance | (674,720) |  |  | (669,690) |
Total deferred tax assets | 162,484 |  |  | 158,748 |
Deferred tax liabilities |  |  |
Deferred sales commissions | (117,875) |  |  | (117,724) |
Lease right of use assets | (8,255) |  |  | (7,045) |
Property and equipment | (35,753) |  |  | (32,746) |
Net deferred tax assets | $ | 601 |  |  | $ | 1,233 |
Summary of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits | The following shows the changes in the gross amount of unrecognized tax benefits as of December 31, 2023 (in thousands):
| 2023 |  | 2022 |  | 2021
Unrecognized tax benefits, beginning of the year | $ | 26,412 |  |  | $ | 20,010 |  |  | $ | 14,158 |
Increases related to prior year tax positions | — |  |  | — |  |  | — |
Decreases related to prior year tax positions | (418) |  |  | — |  |  | — |
Increases related to current year tax positions | 5,982 |  |  | 6,402 |  |  | 5,852 |
Unrecognized tax benefits, end of year | $ | 31,976 |  |  | $ | 26,412 |  |  | $ | 20,010 |

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