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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Summary of Income (Loss) Before Income Taxes | Income (loss) before income taxes for the years ended December 31, 2024, 2023 and 2022 is summarized as follows (in thousands):
| As of December 31,
| 2024 |  | 2023 |  | 2022
United States | $ | 55,151 |  |  | $ | (188,421) |  |  | $ | (73,089) |
Foreign | (2,292) |  |  | (1,722) |  |  | (3,145) |
Total income (loss) before income taxes | $ | 52,859 |  |  | $ | (190,143) |  |  | $ | (76,234) |
Summary of Components of Provision for (Benefit from) Income Taxes | The components of the provision for (benefit from) income taxes are summarized as follows (in thousands):
| As of December 31,
| 2024 |  | 2023 |  | 2022
Current |  |  |  |  |
Federal | $ | 2 |  |  | $ | (117) |  |  | $ | 145 |
State | 198 |  |  | 186 |  |  | 328 |
Foreign | 9 |  |  | — |  |  | 184 |
Total current income tax expense (benefit) | 209 |  |  | 69 |  |  | 657 |
Deferred |  |  |  |  |
Federal | (10) |  |  | 184 |  |  | (130) |
State | (26) |  |  | (112) |  |  | 75 |
Foreign | 137 |  |  | — |  |  | (223) |
Total deferred income tax expense (benefit) | 101 |  |  | 72 |  |  | (278) |
Income tax expense | $ | 310 |  |  | $ | 141 |  |  | $ | 379 |
Summary of Provision for Tax Differed from Amounts Computed by Applying the U.S. Federal Income Tax Rate to Loss Before Income | The Company's actual provision for tax differed from the amounts computed by applying the U.S. federal income tax rates of 21% in each of the years ended 2024, 2023 and 2022, to income (loss) before income taxes as a result of the following:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Federal tax statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Stock-based compensation | (6.3) | % |  | (3.8) | % |  | (2.8) | %
Change in valuation allowance | (18.9) | % |  | (18.1) | % |  | (16.9) | %
Foreign rate differential | — | % |  | 0.2 | % |  | (0.2) | %
Non-deductible executive compensation | 9.9 | % |  | (0.4) | % |  | (2.1) | %
Research credits | (5.1) | % |  | 0.4 | % |  | 1.8 | %
Changes in net operating loss carryforwards, including expirations | — | % |  | 0.8 | % |  | (0.5) | %
Other | — | % |  | (0.2) | % |  | (0.8) | %
Effective income tax rate | 0.6 | % |  | (0.1) | % |  | (0.5) | %
Summary of Deferred Income Tax Assets and Liabilities | Deferred income tax assets and liabilities consist of the following (in thousands):
| As of December 31, 2024
| 2024 |  | 2023
Deferred tax assets: |  |  |
Net operating loss carryforwards | $ | 29,839 |  |  | $ | 30,260 |
Tax credit carryforwards | 14,045 |  |  | 10,317 |
Accruals | 5,027 |  |  | 26,256 |
Lease liability | 6,843 |  |  | 7,947 |
Section 174 capitalized costs | 33,651 |  |  | 31,724 |
Stock-based compensation | 16,163 |  |  | 12,799 |
Other | 1,061 |  |  | 1,351 |
Gross deferred tax assets | 106,629 |  |  | 120,654 |
Valuation allowance | (92,217) |  |  | (102,865) |
Total deferred tax assets | 14,412 |  |  | 17,789 |
Deferred tax liabilities: |  |  |
Purchased intangibles | (4,828) |  |  | (6,112) |
Operating leases right-of-use assets | (5,858) |  |  | (6,914) |
Property and equipment | (3,524) |  |  | (4,443) |
Other | (366) |  |  | (456) |
Total deferred tax liabilities | (14,576) |  |  | (17,925) |
Net deferred tax liabilities | $ | (164) |  |  | $ | (136) |
Summary of Reconciliation of Unrecognized Tax Benefits | A reconciliation of the Company’s unrecognized tax benefits is as follows (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Balance at the beginning of the year | $ | 6,184 |  |  | $ | 5,436 |  |  | $ | 4,156 |
Additions based on tax positions related to the current year | 1,323 |  |  | 839 |  |  | 1,255 |
Additions based on tax positions related to prior years | 1,134 |  |  | — |  |  | 25 |
Decreases based on tax positions related to prior years | — |  |  | (91) |  |  | — |
Balance at the end of the year | $ | 8,641 |  |  | $ | 6,184 |  |  | $ | 5,436 |

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