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Income Taxes (Tables)

12 Months Ended

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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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 income before income tax between domestic and foreign jurisdictions.

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