Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of components of the income tax provision

The components of the Company’s income tax provision (benefit) are as follows (in thousands):

	Year Ended December 31,
	2024		2023		2022
Current:
Federal	$	—	$	—	$	—
State	15		17		(202)
Total current provision (benefit)	15		17		(202)
Deferred:
Federal	—		—		(2,046)
State	—		—		(312)
Total deferred provision (benefit)	—		—		(2,358)
Total income tax provision (benefit)	$	15	$	17	$	(2,560)

Schedule of overall effective income tax rate

The overall effective income tax rate differs from the statutory federal rate as follows:

	Year Ended December 31,
	2024		2023		2022
Income tax benefit based on the federal statutory rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	6.8		3.3		1.8
Nondeductible expenses	(1.8)		(1.3)		(0.3)
Change in valuation allowance	(21.5)		(20.8)		(12.7)
Stock-based compensation	(4.5)		(6.0)		(1.3)
Uncertain tax positions	—		—		0.6
Goodwill impairment	—		—		(7.0)
Other	—		3.8		—
Overall effective income tax rate	—	%	—	%	2.1	%

Schedule of components of deferred tax assets (liabilities)

The components of deferred tax assets (liabilities) are as follows (in thousands):

	December 31,
	2024		2023
Deferred income tax assets:
Net operating loss carryforwards	$	90,369	$	87,872
Stock-based compensation	3,743		4,666
Accrued expenses	1,886		1,417
Research and development tax credits	6,558		6,558
Operating lease liabilities	2,731		3,432
Intangible assets and goodwill	4,695		3,663
Property, equipment and software	5,297		5,323
Capitalized research and development costs	12,458		9,711
Other	596		547
Gross deferred tax assets	128,333		123,189
Valuation allowance	(126,873)		(120,197)
Net deferred tax assets	1,460		2,992
Deferred tax liabilities:
Capitalized commissions	(872)		(533)
Operating lease assets	(588)		(2,459)
Gross deferred tax liabilities	(1,460)		(2,992)
Total net deferred tax assets (liabilities)	$	—	$	—

Schedule of change in the valuation allowance

The change in the valuation allowance for the years ended December 31, 2024, 2023, and 2022 is as follows (in thousands):

	Year Ended December 31,
	2024		2023		2022
Valuation allowance, at beginning of year	$	120,197	$	109,876	$	94,117
Increase in valuation allowance	6,676		10,321		15,759
Valuation allowance, at end of year	$	126,873	$	120,197	$	109,876

Schedule of reconciliation of the total amounts of unrecognized tax benefits

The following is a reconciliation of the total amounts of unrecognized tax benefits (in thousands):

	Year Ended December 31,
	2024		2023		2022
Unrecognized tax benefit, beginning of year	$	4,570	$	4,570	$	5,237
Decrease based on tax positions in prior period	—		—		(1,101)
Increase based on tax positions in current period	—		—		434
Unrecognized tax benefit, end of year	$	4,570	$	4,570	$	4,570