Income taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Tax, Domestic and Foreign

The domestic and foreign components of loss before income tax (provision) benefit were as follows:

	Years Ended December 31,
	2024		2023		2022
	(in thousands)
Domestic	$	(36,068)	$	(80,480)	$	(123,521)
Foreign	(28,690)		(27,327)		(18,693)
Loss before income tax (provision) benefit	$	(64,758)	$	(107,807)	$	(142,214)

Schedule of Income Tax Provision (Benefit)

The components of income tax (provision) benefit attributable to continuing operations were as follows:

	Years Ended December 31,
	2024		2023		2022
	(in thousands)
Current:
Federal	$	—	$	—	$	6
State	(303)		(456)		(154)
Foreign	(3,891)		(3,799)		(1,894)
Total current provision	(4,194)		(4,255)		(2,042)
Deferred:
Federal	(97)		(130)		268
State	(17)		80		170
Foreign	611		2,026		2,517
Total deferred benefit	497		1,976		2,955
Total income tax (provision) benefit	$	(3,697)	$	(2,279)	$	913

Schedule of Income Tax Rate Reconciliation

The income tax (provision) benefit differs from the amount of income tax benefit determined by applying the statutory U.S. federal income tax rate to pretax loss due to the following:

	Years Ended December 31,
	2024		2023		2022
Statutory U.S. federal income tax rate	21.0	%	21.0	%	21.0	%
State income tax benefit, net of federal tax effect	—		1.2		2.5
Permanent differences	(0.2)		(0.1)		0.1
Foreign rate differential	1.6		1.0		(0.6)
Remeasurement gain/loss	—		0.7		—
Tax credits	4.6		3.2		2.0
Valuation allowance	(15.3)		(19.8)		(21.5)
Stock-based compensation	(10.9)		(6.1)		(1.6)
Transaction costs	(0.3)		(0.2)		(0.4)
Deferred rate change	—		—		0.4
Section 162(m)	(4.4)		(1.4)		(1.9)
Foreign withholding taxes	(2.7)		(1.3)		(0.5)
Other	0.9		(0.3)		1.1
Effective tax rate	(5.7	%)	(2.1	%)	0.6	%

Schedule of Components of Net Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred income tax assets and liabilities were as follows:

	December 31,
	2024		2023
	(in thousands)
Deferred tax assets:
Accrued compensation	$	4,646	$	3,582
Deferred revenue	13,542		15,878
Section 174 capitalization	27,366		17,947
Stock-based compensation	19,345		18,949
Federal tax credits	13,815		11,739
Net operating losses	51,180		54,052
State tax credits	3,303		2,901
Business interest limitation	6,173		9,398
Operating lease liabilities	2,679		3,607
2026 Notes	3,126		4,914
Other	2,863		2,713
Gross deferred tax assets	148,038		145,680
Valuation allowance	(94,923)		(85,256)
Total deferred tax assets	53,115		60,424
Deferred tax liabilities:
Deferred contract costs	(21,547)		(19,087)
Operating lease right-of-use assets	(1,194)		(2,017)
Intangibles and other	(34,021)		(43,571)
Other	(35)		(10)
Gross deferred tax liabilities	(56,797)		(64,685)
Net deferred tax liabilities	$	(3,682)	$	(4,261)

The components giving rise to the net deferred tax liabilities detailed above have been included in the consolidated balance sheets as follows:

	December 31,
	2024		2023
	(in thousands)
Non-current deferred tax assets (1)	$	1,498	$	1,691
Non-current deferred tax liabilities	(5,180)		(5,952)
Net deferred tax liabilities	$	(3,682)	$	(4,261)

(1) Included in other assets in the consolidated balance sheets.

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits was as follows:

	Years Ended December 31,
	2024		2023		2022
	(in thousands)
Balance, January 1	$	1,636	$	1,272	$	1,003
Additions based on tax positions related to the current year	303		312		230
Additions based on tax positions related to prior years	29		52		39
Balance, December 31	$	1,968	$	1,636	$	1,272