Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Loss Before Provision for (Benefit from) Income Taxes

The following table presents components of loss before provision for (benefit from) income taxes for the periods presented (in thousands):

	Year Ended December 31,
	2024		2023		2022
United States	$	(275,057)	$	(571,265)	$	(445,720)
International	1,174		1,692		453
Loss before provision for (benefit from) income taxes	$	(273,883)	$	(569,573)	$	(445,267)

Schedule of Provision for (Benefit from) Income Taxes

Provision for (benefit from) income taxes for the periods presented consisted of (in thousands):

	Year Ended December 31,
	2024		2023		2022
Current:
U.S. federal	$	—	$	(150)	$	—
U.S. state	—		(56)		—
Foreign	(161)		1,966		440
Total current:	(161)		1,760		440
Deferred:
U.S. federal	(431)		(43)		204
U.S. state	(151)		(21)		28
Total deferred:	(582)		(64)		232
Total provision for (benefit from) income taxes	$	(743)	$	1,696	$	672

Schedule of Effective Income Tax Rate

The reconciliation between the U.S. federal statutory income tax rate of 21% to the Company’s effective tax for the periods presented is as follows:

	Year Ended December 31,
	2024		2023		2022
U.S. federal provision at statutory rate	21.0	%	21.0	%	21.0	%
State income taxes	5.6		5.2		5.7
Foreign taxes	0.1		(0.1)		0.0
Tax credits	0.9		1.0		2.4
Fair value of financial instruments	0.1		0.1		0.4
Stock-based compensation expense	(6.9)		(3.7)		(3.4)
Executive compensation	(2.0)		(0.5)		(0.8)
Other permanent items	0.0		(0.2)		0.2
Unrecognized tax benefits	0.0		0.3		(1.4)
Change in valuation allowance	(18.5)		(23.4)		(24.3)
Effective tax rate	0.3	%	(0.3	%)	(0.2	%)

Schedule of Deferred Income Tax Assets and Liabilities

The Company’s deferred income tax assets and liabilities as of December 31, 2024 and 2023 were as follows (in thousands):

	Year Ended December 31,
	2024		2023
Deferred tax assets:
Net operating loss carry forward	$	246,178	$	235,624
Tax credits	29,595		27,311
Accruals and reserves	881		3,473
Stock-based compensation expense	6,134		17,029
Lease liability (ASC 842)	8,666		12,333
Section 174 R&D capitalization	101,876		78,673
Inventory reserves	9,113		4,584
Depreciation and amortization	15,380		9,924
Basis difference on debt obligation	9,692		—
Deferred interest expense	3,698		—
Unrealized Gain	3,451		—
Other	515		24
Total deferred tax assets	435,179		388,975
Valuation allowance	(427,222)		(377,214)
Total deferred tax asset	7,957		11,761
Deferred tax liabilities:
Other	—		124
ROU asset (ASC 842)	7,957		11,637
Total deferred tax liabilities	7,957		11,761
Net deferred tax assets (liabilities)	$	—	$	—

Schedule of Reconciliation of the Total Amounts of Unrecognized Tax Benefits

The following is a reconciliation of the beginning and ending amount of unrecognized tax benefits (in thousands):

	Year Ended December 31,
	2024		2023		2022
Unrecognized tax benefits as of the beginning of the year	$	6,828	$	8,604	$	6,296
Increases related to prior year tax positions	70		65		—
Decreases related to prior year tax provisions	(677)		(4,230)		(3,723)
Increase related to current year tax positions	1,253		2,389		6,031
Unrecognized tax benefits as of the end of the year	$	7,474	$	6,828	$	8,604