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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Summary of Income Tax Expense (Benefit)
Income tax expense (benefit) is comprised of the following:
Year Ended December 31,
202420232022
Current:
Federal$(202)$727 $(195)
State352 509 (280)
Foreign1,515 963 538 
Current income tax expense 1,665 2,199 63 
Deferred:
Federal— — — 
State— — — 
Foreign(253)— — 
Deferred income tax benefit(253)— — 
Income tax expense$1,412 $2,199 $63 
Schedule of Components of (Loss) Income Before Income Taxes by Tax Jurisdiction
Components of (loss) income before income taxes by tax jurisdiction were as follows:
Year Ended December 31,
202420232022
United States$(190,298)$39,076 $(150,147)
Foreign4,587 3,843 1,021 
(Loss) income before income taxes$(185,711)$42,919 $(149,126)
Schedule of Reconciliation of Income Tax Expense Applicable Statutory Income Tax Rates to Effective Income Tax Rate
Reconciliation of income tax expense at the applicable statutory income tax rates to the effective income tax rate is as follows:
Year Ended December 31,
202420232022
Statutory federal income tax rate21.0 %21.0 %21.0 %
State taxes, net of federal benefits3.6 5.8 5.1 
Section 162(m) limitation— 1.2 (1.1)
Stock compensation(1.8)1.7 0.6 
Return-to-provision adjustments(1.5)(3.3)0.2 
Research and development credit4.8 (14.1)3.1 
Tax contingencies, net of reversals(0.5)1.4 (0.3)
Change in valuation allowance(22.2)(4.4)(28.6)
Other(4.2)(4.2)— 
Effective income tax rate(0.8)%5.1 %— %
Schedule of Tax Effects of Temporary Differences that Give Rise to Significant Portions of Deferred Income Tax Assets and Deferred Income Tax Liabilities
Tax effects of temporary differences that give rise to significant portions of deferred income tax assets and deferred income tax liabilities were as follows:
As of December 31,
202420232022
Deferred income tax assets:
Net operating loss carryforwards$51,542 $44,116 $67,758 
Capitalized research and development62,215 13,224 5,511 
Accrued expenses37,544 71,676 43,362 
Deferred revenue5,462 5,296 6,532 
Lease liabilities27,551 32,491 28,952 
Credits29,884 21,903 18,456 
Gross deferred tax assets214,198 188,706 170,571 
Less valuation allowance(177,226)(136,031)(137,957)
Net deferred tax assets36,972 52,675 32,614 
Deferred income tax liabilities:
Unrealized gain on equity investments(7,284)(18,553)(4,439)
Prepaid expenses(652)(1,554)(1,435)
Depreciation and amortization(29,036)(32,568)(26,740)
Net deferred income tax assets$— $— $— 
Schedule of Reconciliation of Total Gross Unrecognized Tax Benefits
The Company classifies interest and penalties related to unrecognized tax benefits within income tax expense in the consolidated statement of operations. Following is a reconciliation of total gross unrecognized tax benefits:
Year Ended December 31,
202420232022
Balance, January 1$2,742 $2,142 $1,702 
Additions for tax positions taken in prior years258 89 35 
Reductions for tax positions taken in prior years— (4)(24)
Additions for tax positions related to the current year648 515 429 
Balance, December 31
$3,648 $2,742 $2,142