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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Loss Before Income Taxes

loss before income taxes consists of the following (in thousands):

		Year Ended December 31,
		2024				2023				2022
Domestic		$	(110,938	)		$	(40,587	)		$	(174,041	)
International			(27,374	)			(33,617	)			(18,887	)
Loss before income taxes		$	(138,312	)		$	(74,204	)		$	(192,928	)

Schedule of Significant Components of Provision for Income Taxes

Significant components of the Company's benefit (expense) from income taxes are as follows (in thousands):

		Year Ended December 31,
		2024				2023				2022
Current:
Federal		$	—			$	—			$	—
State			(233	)			(197	)			(87	)
Foreign			(103	)			(373	)			(405	)
Total current tax expense			(336	)			(570	)			(492	)
Deferred:
Federal			—				—				—
State			—				—				—
Foreign			(237	)			118				3,322
Total deferred benefit			(237	)			118				3,322
Total benefit (expense) from income taxes		$	(573	)		$	(452	)		$	2,830

Schedule of Reconciliation of Income Taxes at Statutory Rate to (Provision for)/Benefit (expense) from Income Taxes Recorded in Statements of Operations

Reconciliation of income taxes at the statutory rate to the benefit (expense) from income taxes recorded in the statements of operations is as follows:

		Year Ended December 31,
		2024				2023				2022
Tax benefit at federal statutory rate			21.0	%			21.0	%			21.0	%
State tax expense, net of federal benefit			2.4				1.3				0.8
Foreign tax expense			0.0				8.1				0.8
Change in valuation allowance			(8.2	)			(21.9	)			17.1
Federal R&D credit			0.8				0.2				0.2
Unrecognized tax benefit			1.0				—				0.9
Non-deductible interest/premium			—				—				(0.3	)
Bargain purchase gain			3.8				—				—
Non-deductible loss on Forward Sale of Preferred Stock and Bridge Loans			—				—				(8.0	)
R&D tax credits expiring unutilized			(11.5	)			—				(5.2	)
NOL carryforwards expiring unutilized			(4.1	)			(5.5	)			(22.8	)
Transaction costs			(1.6	)			(1.5	)			—
Executive stock-based compensation			(2.3	)			(2.6	)			(0.8	)
Return to provision			(0.5	)			2.5				—
Other, net			(1.2	)			(2.0	)			(2.2	)
Effective tax rate			(0.4	)%			(0.4	)%			1.5	%

Schedule of Significant Components of Deferred Tax Assets and Liabilities

Significant components of the Company's deferred tax assets and liabilities are as follows (in thousands):

		Year Ended December 31,
		2024				2023
Deferred tax assets:
Net operating loss carryforward		$	242,050			$	96,242
Reserves and accruals			14,672				3,152
Depreciation and amortization			3,354				564
Capitalized R&D costs			25,138				5,962
Tax credit carryforwards			17,216				15,463
Stock-based compensation			7,801				1,143
Right-of-use lease liabilities			7,749				7,782
Total gross deferred tax assets			317,980				130,308
Valuation allowance on deferred tax assets			(304,382	)			(124,124	)
Total deferred tax assets, net of valuation allowance			13,598				6,184
Deferred tax liabilities:
Fixed assets and intangibles			(7,740	)			(54	)
Right-of-use assets			(6,801	)			(6,836	)
Total deferred tax liabilities			(14,541	)			(6,890	)
Net deferred tax liability		$	(943	)		$	(706	)
Deferred tax liability per balance sheet		$	(1,081	)		$	(841	)
Less deferred tax assets included in other long-term assets			138				135
Net deferred tax liability		$	(943	)		$	(706	)

Schedule of Summary of Valuation Allowance

A reconciliation of the beginning and ending amounts of the valuation allowance for the years ended December 31, 2024, 2023 and 2022, is as follows (in thousands):

		Valuation Allowance
December 31, 2021		$	141,087
Charges to earnings			—
Charges to other accounts			(33,194	)
December 31, 2022			107,893
Charges to earnings			—
Charges to other accounts			16,231
December 31, 2023			124,124
Charges to earnings			—
Charges to other accounts			180,258
December 31, 2024		$	304,382

Schedule of Aggregate Changes in Balance of Gross Unrecognized Tax Benefits

The aggregate changes in the balance of the Company's gross unrecognized tax benefits during 2024, 2023, and 2022, were as follows (in thousands):

December 31, 2021		$	8,515
Increases in balances related to tax positions during a prior    period			154
Increases in balances related to tax positions taken during current    period			—
Decreases in balances related to tax positions during a prior    period			(1,697	)
December 31, 2022			6,972
Increases in balances related to tax positions during a prior    period			105
Decreases in balances related to tax positions taken during current    period			(138	)
December 31, 2023			6,939
Increases in balances related to tax positions during a prior    period			—
Increases in balances related to tax positions taken during    current period			2,682
Decreases in balances related to tax positions during a prior    period			(357	)
December 31, 2024		$	9,264

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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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Tabular disclosure of the change in unrecognized tax benefits.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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