Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Net Loss Before Income Taxes

For the years ended December 31, 2024, 2023 and 2022, the net loss before income taxes consist of the following (in thousands):

Years Ended December 31,
2024	2023	2022

Domestic	$	41,232		$	30,357		$	1,321
Foreign		(403,897	)		(181,079	)		(651,821	)
Total	$	(362,665	)	$	(150,722	)	$	(650,500	)

Schedule of (Provision) Benefit for Income Taxes

The (provision) benefit for income taxes consist of the following (in thousands):

	Years Ended December 31,
	2024			2023			2022
Current income taxes:
Federal	$	(2,592	)	$	(2,318	)	$	(444	)
State		(1,479	)		(994	)		(241	)
Foreign		—			—			—
Total current income taxes		(4,071	)		(3,312	)		(685	)
Deferred income taxes:
Federal	$	492			424			1,010
State		(8	)		—			—
Foreign		—			—			—
Total deferred income taxes		484			424			1,010
Total income tax (provision) benefit	$	(3,587	)	$	(2,888	)	$	325

Schedule of Reconciliation of Income Tax Expense Computed at Statutory Corporate Income Tax Rate to Effective Income Tax Rate

A reconciliation of income tax expense computed at the statutory corporate income tax rate to the effective income tax rate for the years ended December 31, 2024, 2023 and 2022 is as follows:

	Years Ended December 31,
	2024			2023			2022
Income tax expense at statutory rate		11.9	%		11.9	%		11.9	%
State income tax, net of federal benefit		1.1	%		2.3	%		1.2	%
Nondeductible expenses		0.0	%		(0.2	)%		(0.2	)%
Foreign rate differential		(1.0	)%		(2.1	)%		(0.1	%)
Statutory to U.S. GAAP permanent differences		0.0	%		0.0	%		0.0	%
Stock-based compensation		(0.4	)%		(4.0	%)		(0.2	)%
Impact of deferred rate change		(0.1	)%		0.1	%		(0.1	)%
Research credits		2.7	%		8.2	%		3.3	%
Change in valuation allowance		(15.2	)%		(17.2	)%		(15.8	)%
Other Rate Items		0.0	%		(0.9	)%		0.0	%
Effective income tax rate		(1.0	%)		(1.9	%)		—

Schedule of Significant Components of Company's Deferred Tax Assets

Deferred taxes are recognized for temporary differences between the basis of assets and liabilities for financial statement and income tax purposes. The significant components of the Company’s deferred tax assets are comprised of the following (in thousands):

	Years Ended December 31,
	2024			2023
Deferred tax assets:
Net operating loss carryforwards	$	178,061		$	133,384
Accruals and reserves		4,479			4,485
Operating lease liabilities		60,570			65,177
Other deferred tax assets		17,809			15,987
Stock-based compensation		20,553			18,346
Research credit		74,012			70,404
Total deferred tax assets		355,484			307,783
Less valuation allowance		(282,739	)		(227,615	)
Net deferred tax assets		72,745			80,168
Deferred tax liabilities:
Depreciation		(34,078	)		(38,725	)
Operating lease assets		(38,845	)		(42,058	)
Intangible assets		—			(4	)

Other deferred tax liabilities		(36	)		—
Total deferred tax liabilities		(72,959	)		(80,787	)
Long term deferred taxes	$	(214	)	$	(619	)

Schedule of Aggregate Changes in Gross Unrecognized Tax Benefits

The aggregate changes in gross unrecognized tax benefits were as follows (in thousands):

	Years Ended December 31,
	2024		2023			2022
Balance at beginning of year	$	44,148	$	34,536		$	21,395
Increases for tax positions taken during current period		5,777		9,703			10,439
Increases for tax positions taken in prior periods		34		—			2,702
Decreases for tax positions taken during current period		—		—			—
Decreases for tax positions taken in prior periods		—		(91	)		—
Balance at end of year	$	49,959	$	44,148		$	34,536