XML 60 R36.htm IDEA: XBRL DOCUMENT v3.25.0.1

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Loss (income) before taxes on income is comprised as follows:

						Year Ended December 31,
						2024						2023						2022
Domestic						$	32,758					$	45,625					$	66,346
Foreign						(9,093)						(8,170)						(5,719)
Loss before taxes on income						$	23,665					$	37,455					$	60,627

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes is as follows:

						Year Ended December 31,
						2024						2023						2022
Current provision:
Federal						$	—					$	—					$	—
State						69						83						88
Foreign						7,536						8,410						7,780
						7,605						8,493						7,868
Deferred provision:
Federal						18						171						—
State						27						247						—
Foreign						—						—						—
						45						418						—
Total provision for income taxes						$	7,650					$	8,911					$	7,868

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company's deferred tax assets are as follows:

						December 31,
						2024						2023
Deferred tax assets:
Net operating losses carryforward						$	60,192					$	69,160
Disallowed business interest expense						3,944						4,023
Capitalized R&D costs						34,645						26,126
Reserves & accruals						1,804						1,486
Deferred revenue						481						378
Lease liability						625						829
Stock based compensation						9,357						5,823
Intercompany payable						—						5,498
Other assets						70						77
Deferred tax assets before valuation allowance						111,118						113,400
Valuation allowance						(100,318)						(101,237)
Total deferred tax assets, net of valuation allowance						$	10,800					$	12,163
Deferred tax liabilities:
Intangible Assets						(1,151)						(970)
Deferred contract acquisition and fulfillment costs						(6,711)						(7,686)
Internal use software						(2,401)						(2,988)
Operating lease right-of-use assets						(542)						(742)
Other						(458)						(195)
Total gross deferred tax liabilities						$	(11,263)					$	(12,581)
Total net deferred tax liabilities						$	(463)					$	(418)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the Company's theoretical income tax expense to actual income tax expense is as follows:

						Year Ended December 31,
						2024						2023						2022
Loss before tax as reported at the consolidated statement of operations						$	23,665					$	37,455					$	60,627
Statutory tax rate						21		%				21		%				21		%
Theoretical tax benefit						$	(4,970)					$	(7,866)					$	(12,732)
Non-deductible expenses and other permanent differences						259						1,026						154
Stock based compensation						1,639						2,403						2,193
Change in valuation allowance						(919)						16,842						9,745
State taxes, net of federal benefit						(2,083)						(2,898)						4,946
Income tax at rate other than the U.S. statutory tax rate						11,454						1,613						3,045
Exchange rate differences						(4,812)						(511)						332
Return to provision adjustments						6,406						(1,321)						—
Other						676						(377)						185
Total tax expenses						$	7,650					$	8,911					$	7,868

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the opening and closing amounts of total unrecognized tax benefits is as follows:

						Unrecognized Tax Benefits
Balance as of December 31, 2021						$	4,494
Decreases related to prior years' tax positions						(313)
Increases related to current years' tax positions						1,145
Balance as of December 31, 2022						$	5,326
Decreases related to prior years' tax positions						—
Increases related to current years' tax positions						1,815
Balance as of December 31, 2023						7,141
Decreases related to prior years' tax positions						(353)
Increases related to current years' tax positions						5,968
Balance as of December 31, 2024						$	12,756

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration