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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of domestic and foreign components of income (loss) before income taxes

Domestic and foreign components of loss before income taxes are as follows (in thousands):

			Year Ended December 31,
			2024						2023						2022
Domestic			$	(179,555)					$	(122,026)					$	(455,202)
Foreign			(9,749)						(12,676)						(11,508)
Loss before income taxes			$	(189,304)					$	(134,702)					$	(466,710)

Schedule of components of income tax (expense) benefit

The significant components of income tax (expense) benefit are as follows (in thousands):

			Year Ended December 31,
			2024						2023						2022
Current:
Federal			$	—					$	—					$	—
State			—						—						—
Foreign			—						—						—
Total current			—						—						—
Deferred:
Federal			10,391						10,236						38,508
State			833						335						6,317
Foreign			3,118						961						3,075
Change in uncertain tax positions			(625)						(1,320)						(587)
Change in valuation allowance			(13,717)						(10,212)						(45,867)
Total deferred			—						—						1,446
Income tax benefit			$	—					$	—					$	1,446

Schedule of effective tax rate

The following table summarizes the significant differences between the U.S. federal statutory tax rate and our effective tax rate:

			Year Ended December 31,
			2024						2023						2022
Tax benefit at federal statutory rate			21.00		%				21.00		%				21.00		%
State income taxes, net of federal benefit			—		%				(0.01)		%				0.08		%
Change in federal and state statutory rate			1.69		%				0.01		%				0.15		%
Foreign rate differential			0.06		%				(0.22)		%				0.01		%
Goodwill impairment			(13.06)		%				(10.94)		%				(17.82)		%
Contingent liability remeasurement			(0.78)		%				(0.81)		%				5.71		%
Other adjustments			(1.61)		%				(1.40)		%				1.03		%
Valuation allowance			(7.24)		%				(7.54)		%				(9.87)		%
Income tax benefit			0.06		%				0.09		%				0.29		%

Schedule of deferred income taxes

The significant components of deferred income taxes are as follows (in thousands):

			December 31,
			2024						2023
Net operating loss carry-forwards			$	161,418					$	158,916
Allowance for credit losses			1,474						809
Depreciation and amortization			23,233						11,574
Stock-based compensation			3,025						3,566
Deferred costs			740						3,735
ROU asset			(1,457)						(1,565)
Lease liability			1,867						1,856
Other tax credit carry-forward			11,625						9,641
Other temporary differences			1,451						1,129
Valuation allowance			(203,377)						(189,660)
Net long-term deferred tax asset			$	—					$	—

Summary of changes in valuation allowance

The following table presents changes in our valuation allowance (in thousands):

			Year Ended December 31,
			2024						2023						2022
Beginning balance			$	(189,660)					$	(179,448)					$	(123,867)
Allowance for domestic and foreign net operating loss carry-forwards			(299)						(2,442)						(13,360)
Rate change on domestic net operating loss carry-forwards			(3,241)						(424)						235
Convertible debt additional paid-in capital tax adjustment - valuation allowance impact			—						—						(9,714)
Other changes			(10,177)						(7,346)						(32,742)
Ending balance			$	(203,377)					$	(189,660)					$	(179,448)

Schedule of unrecognized tax benefits activity

The following table summarizes the activity related to our gross unrecognized tax benefits that would affect our effective tax rate, if recognized (in thousands):

			Year Ended December 31,
			2024						2023						2022
Beginning balance			$	2,925					$	1,606					$	1,128
Increase related to current year tax position			625						1,319						478
Ending balance			$	3,550					$	2,925					$	1,606

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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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