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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Income (Loss) Before Income Tax Provision |
Income (loss) before income tax: | Year Ended December 31,
(in thousands) | 2025 |  | 2024 |  | 2023
Domestic | $ | (4,780) |  | $ | 63,403 |  | $ | 19,942
Foreign |  | 13,641 |  |  | 8,133 |  |  | 7,903
Income before income taxes | $ | 8,861 |  | $ | 71,536 |  | $ | 27,845
Schedule of Provision for (Benefit from) Income Taxes |
Provision for (benefit from) income taxes: | Year Ended December 31,
(in thousands) | 2025 |  | 2024 |  | 2023
Current: |  |  |  |  |  |  |  |
Federal | $ | 1,221 |  | $ | 27,600 |  | $ | 16,618
State |  | 358 |  |  | 6,317 |  |  | 3,766
Foreign |  | 2,884 |  |  | 2,402 |  |  | 1,794
Deferred: |  |  |  |  |  |  |  |
Federal |  | 3,514 |  |  | (16,743) |  |  | (77,450)
State |  | 628 |  |  | (790) |  |  | (6,181)
Foreign |  | (960) |  |  | 2,032 |  |  | 960
Total provision for (benefit from) income taxes | $ | 7,645 |  | $ | 20,818 |  | $ | (60,493)
Schedule of Reconcilation of Provision for (Benefit from) Income Taxes | The following table is a reconciliation of the U.S. federal statutory rate of 21% to the Company's effective rate for the year ended December 31, 2025 in accordance with guidance in ASU 2023-09.
|  |  |  | Year Ended December 31, 2025
(in thousands) |  |  |  | $ |  | %
Provision for income taxes at U.S. federal statutory rate |  |  |  | $ | 1,861 |  |  | 21%
State and local income taxes, net of federal benefit (1) |  |  |  |  | 956 |  |  | 11%
Foreign tax effects |  |  |  |  |  |  |  |
Argentina |  |  |  |  |  |  |  |
Withholding tax |  |  |  |  | 330 |  |  | 4%
Colombia |  |  |  |  |  |  |  |
Withholding tax |  |  |  |  | 212 |  |  | 2%
El Salvador |  |  |  |  |  |  |  |
Withholding tax |  |  |  |  | 198 |  |  | 2%
Israel |  |  |  |  |  |  |  |
Share-based compensation |  |  |  |  | (311) |  |  | (4)%
Foreign exchange gain/loss |  |  |  |  | (770) |  |  | (9)%
Other |  |  |  |  | (193) |  |  | (2)%
Peru |  |  |  |  |  |  |  |
Withholding tax |  |  |  |  | 209 |  |  | 2%
Switzerland |  |  |  |  |  |  |  |
Valuation allowance |  |  |  |  | (464) |  |  | (5)%
Withholding tax deduction |  |  |  |  | (245) |  |  | (3)%
Other |  |  |  |  | (275) |  |  | (3)%
Other foreign jurisdictions |  |  |  |  | 367 |  |  | 4%
Effect of changes in tax laws or rates enacted in the current period |  |  |  |  |  |  |  |
Effect of cross-border tax laws: |  |  |  |  |  |  |  |
Global intangible low-taxed income |  |  |  |  | 2,084 |  |  | 24%
Branch income inclusion |  |  |  |  | 588 |  |  | 7%
Other |  |  |  |  | (212) |  |  | (2)%
Tax credits: |  |  |  |  |  |  |  |
Foreign tax credits |  |  |  |  | (986) |  |  | (11)%
Research and development credits |  |  |  |  | (268) |  |  | (3)%
Valuation allowance |  |  |  |  |  |  |  |
Non-taxable or non-deductible items: |  |  |  |  |  |  |  |
Share-based compensation |  |  |  |  | 1,529 |  |  | 17%
Impairment loss |  |  |  |  | 1,013 |  |  | 11%
Other |  |  |  |  | 503 |  |  | 6%
Uncertain tax positions |  |  |  |  | 1,467 |  |  | 17%
Adjustment to prior period provision |  |  |  |  |  |  |  |
Other adjustments |  |  |  |  | 52 |  |  | 1%
Total tax provision and effective tax rate |  |  |  | $ | 7,645 |  |  | 86%
(1) State taxes in New Jersey, Tennessee, and Utah made up the majority (greater than 50%) of the tax effect in this category. The difference between the tax provision at the statutory federal income tax rate and the provision for (benefit from) income tax as a percentage of income (loss) before income taxes (effective tax rate) for the years ended December 31, 2024 and 2023 in accordance with guidance prior to the adoption of ASU 2023-09 was as follows:
|  |  |  | Year Ended December 31,
|  |  |  | 2024 |  | 2023
Statutory U.S. federal income tax rate |  |  |  |  | 21% |  |  | 21%
Increase (reduction) in rate resulting from: |  |  |  |  |  |  |  |
State Taxes |  |  |  |  | 4% |  |  | —%
Differential in rates on foreign earnings |  |  |  |  | 2% |  |  | (6)%
Change in valuation allowance |  |  |  |  | —% |  |  | (243)%
Non-deductible stock-based compensation |  |  |  |  | 2% |  |  | 5%
Permanent differences |  |  |  |  | (1)% |  |  | —%
Adjustments related to tax positions taken during prior years |  |  |  |  | 2% |  |  | 8%
Research and development credits |  |  |  |  | (1)% |  |  | (2)%
Effective tax rate |  |  |  |  | 29% |  |  | (217)%
Schedule of Components of Deferred Tax Assets and Liabilities | The components of deferred taxes are as follows:
|  |  |  | As of December 31,
(in thousands) |  |  |  |  | 2025 |  |  | 2024
Deferred tax assets: |  |  |  |  |  |  |  |
Reserves and accruals |  |  |  | $ | 21,336 |  | $ | 22,100
Net operating loss carryforwards |  |  |  |  | 19,203 |  |  | 3,327
Research and development credit carryforwards |  |  |  |  | 30,630 |  |  | 30,350
Deferred stock-based compensation |  |  |  |  | 1,176 |  |  | 2,341
Intangibles |  |  |  |  | 3,695 |  |  | 4,385
Operating lease liabilities |  |  |  |  | 3,377 |  |  | 3,841
Capitalized research and development expenses |  |  |  |  | 56,181 |  |  | 83,054
Other |  |  |  |  | 5,249 |  |  | 3,219
Gross deferred tax assets |  |  |  |  | 140,847 |  |  | 152,617
Valuation allowance |  |  |  |  | (32,992) |  |  | (33,397)
Gross deferred tax assets after valuation allowance |  |  |  |  | 107,855 |  |  | 119,220
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation |  |  |  |  | (1,952) |  |  | (3,127)
Operating lease right-of-use assets |  |  |  |  | (1,860) |  |  | (2,187)
Gross deferred tax liabilities |  |  |  |  | (3,812) |  |  | (5,314)
Net deferred tax assets |  |  |  | $ | 104,043 |  | $ | 113,906
Schedule of Activities Related to Valuation Allowance | The following table summarizes the activities related to the Company’s valuation allowance:
|  | Year Ended December 31,
(in thousands) |  | 2025 |  |  | 2024 |  |  | 2023
Balance at beginning of period | $ | 33,397 |  | $ | 32,869 |  | $ | 97,315
Additions |  | — |  |  | 528 |  |  | 31
Deductions |  | (405) |  |  | — |  |  | (64,477)
Balance at end of period | $ | 32,992 |  | $ | 33,397 |  | $ | 32,869
Schedule of Activities Related to Gross Unrecognized Tax Benefits | The following table summarizes the activities related to the Company’s gross unrecognized tax benefits:
|  | Year Ended December 31,
(in millions) |  | 2025 |  |  | 2024 |  |  | 2023
Balance at beginning of period | $ | 12.0 |  | $ | 12.5 |  | $ | 11.1
Increase in balance related to tax positions taken during current year |  | 0.1 |  |  | 0.2 |  |  | 0.4
Increase in balance related to tax positions taken during prior years |  | 1.2 |  |  | 0.3 |  |  | 1.0
Decrease in balance related to tax positions taken during prior years |  | (0.2) |  |  | (1.0) |  |  | —
Balance at end of period | $ | 13.1 |  | $ | 12.0 |  | $ | 12.5

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