Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Loss Before Provision for Income Taxes

The components of loss before provision for income taxes are as follows for the years ended December 31, 2024 and 2023:

(in thousands)	December 31, 2024		December 31, 2023
Loss before provision for income taxes
United States	$	(89,435)	$	(150,009)
Foreign	(2,012)		(2,115)
	$	(91,447)	$	(152,124)

Schedule of Provision for Income Taxes

Our total provision for income taxes consists of the following for the years ended December 31, 2024 and 2023:

(in thousands)	December 31, 2024		December 31, 2023
Current:
Federal	$	—	$	—
State	(9)		(258)
Foreign	(950)		(550)
	(959)		(808)
Deferred
Federal	—		—
State	—		—
Foreign	(912)		474
	(912)		474
Total provision for income taxes	$	(1,871)	$	(334)

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of our effective tax rate to the statutory federal rate of 21% for the years ended December 31, 2024 and 2023, is as follows:

(in thousands)	December 31, 2024		December 31, 2023
Income tax benefit at statutory rate	(21.00)	%	(21.00)	%
State income taxes-net of federal benefit	(2.71)	%	(4.21)	%
Foreign rate differential	1.79	%	(0.06)	%
Stock-based compensation	1.73	%	1.33	%
Charitable contribution	(0.04)	%	(0.09)	%
Return to provision and other	2.56	%	0.32	%
Uncertain tax positions	(0.10)	%	0.12	%
Tax credits	0.38	%	(0.49)	%
Other	(0.85)	%	0.02	%
Valuation allowance	20.29	%	24.28	%
Effective tax rate	2.05	%	0.22	%

Schedule of Components of Deferred Tax Assets and Liabilities

Significant components of our net deferred tax assets as of December 31, 2024 and 2023, which are included in other assets in the consolidated balance sheets, are as follows:

(in thousands)	December 31, 2024		December 31, 2023
Deferred tax asset:
Inventory	$	1,760	$	2,117
Accruals	1,182		800
Stock-based compensation	904		1,822
Net operating loss carryforwards	66,416		43,157
R&D credits	4,696		5,091
Charitable contributions	2,292		3,101
Intangibles	711		709
Deferred revenue	888		1,000
Advertising	1,769		1,910
Intercompany payable	552		552
Lease liability	13,562		24,011
Section 174 capitalized costs	7,787		7,978
Depreciation	6,502		6,995
Other	799		731
Total gross deferred tax assets	109,820		99,974
Less: valuation allowance	(99,344)		(81,592)
Total deferred tax assets	10,476		18,382
Deferred tax liabilities:
Prepaid expenses	(560)		(388)
Right-of-use assets	(9,353)		(16,519)
Total deferred tax liabilities	(9,913)		(16,907)
Net deferred tax assets	$	563	$	1,475

Schedule of Reconciliation of Total Amounts of Unrecognized Tax Benefits

A tabular reconciliation of the total amounts of unrecognized tax benefits for the year presented is as follows:

(in thousands)	December 31, 2024		December 31, 2023
Unrecognized tax benefits - at beginning of year	$	1,925	$	1,634
Increases in balances related to tax positions taken in prior years	—		53
Decreases in balances related to tax positions taken in prior years	(144)		—
Increases in balances related to tax positions taken in current year	—		238
Unrecognized tax benefits - at end of year	$	1,781	$	1,925