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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The total provision for income taxes consisted of the following:

			Year Ended December 31,
			2021						2020						2019
			(in thousands)
Current:
Federal			$	—					$	—					$	—
State			425						26						13
Total current			425						26						13
Deferred:
Federal			(34,462)						—						—
State			(4,849)						—						—
Total deferred			(39,311)						—						—
Total provision for income taxes			$	(38,886)					$	26					$	13

Schedule of Effective Income Tax Rate Reconciliation

The following summarizes the differences between the income tax provision recorded by the Company and the amount computed by applying the statutory federal income tax rate of 21% to loss before income tax for the years ended December 31, 2021, 2020 and 2019:

			Year Ended December 31,
			2021						2020						2019
			(in thousands)
Tax benefit at federal statutory rate			$	(43,747)					$	(15,664)					$	(17,102)
State taxes, net of federal benefit			(4,431)						21						10
Research and other credits			(2,305)						(1,245)						(1,643)
VA release related to Title365 PPA			(34,462)						—						—
Change in valuation allowance			38,188						16,431						16,388
Section 162(m) adjustment			10,241						—						—
Non-deductible transaction costs			1,252						—						—
Stock-based compensation			(2,828)						572						1,739
Other			(794)						(89)						621
Total provision for income taxes			$	(38,886)					$	26					$	13

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:

			December 31, 2021						December 31, 2020
			(in thousands)
Deferred tax assets:
Net operating loss carryforwards			$	102,240					$	65,334
Lease liabilities			4,721						4,287
Research and other credits			12,627						9,914
Accruals and reserves			1,098						1,501
Interest expense limitation			2,174						—
Stock-based compensation			1,980						551
Fixed assets			1,014						—
Other deferred tax assets			357						—
Gross deferred tax assets			126,211						81,587
Less: valuation allowance			(77,843)						(73,936)
Total deferred tax assets			$	48,368					$	7,651
Deferred tax liabilities:
Right-of-use assets			$	(3,776)					$	(3,282)
Deferred contract costs			(2,194)						(2,608)
Fixed assets			—						(55)
ASC 606 adjustments			(667)						(1,706)
Other deferred tax liabilities			(462)						—
Amortization			(752)						—
Acquired intangible assets			(43,381)						—
Gross deferred tax liabilities			(51,232)						(7,651)
Total net deferred liabilities			$	(2,864)					$	—

Schedule of Unrecognized Tax Benefits Roll Forward

The following table reflects the changes in the Company’s unrecognized tax benefits:

			Year Ended December 31,
			2021						2020						2019
			(in thousands)
Beginning Balance			$	4,155					$	3,167					$	1,146
Gross increases—tax positions in prior periods			—						—						703
Gross increases—tax positions in current periods			1,793						1,188						1,318
Gross decreases—tax positions in prior periods			—						(200)						—
Ending balance			$	5,948					$	4,155					$	3,167

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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.

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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.

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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.

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Tabular disclosure of the change in unrecognized tax benefits.

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