Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The components of loss before income taxes for the years ended December 31, 2024, 2023 and 2022 are as follows:

	Year Ended December 31,
	2024		2023		2022
United States	$	(144,808)	$	(140,371)	$	(49,948)
Foreign	(1,301)		7,005		(3,875)
Total	$	(146,109)	$	(133,366)	$	(53,823)

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes for the years ended December 31, 2024, 2023 and 2022 are as follows:

	Year Ended December 31,
	2024		2023		2022
Current expense:
Federal	$	41	$	96	$	—
State	69		23		224
Foreign	1,886		766		818
Total current expense:	$	1,996	$	885	$	1,042
Deferred expense:
Federal	$	(4)	$	(2,000)	$	—
State	(5)		(5)		—
Foreign	(3,909)		(3,414)		(2,077)
Total deferred benefit:	$	(3,918)	$	(5,419)	$	(2,077)
Total income tax benefit	$	(1,922)	$	(4,534)	$	(1,035)

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax assets (liabilities) as of December 31, 2024 and 2023 are as follows:

	December 31,
	2024		2023
Investment in Ay Dee Kay, LLC	58,005		44,922
Net operating loss (“NOL”) carryforwards	68,102		57,289
Tax credits	6,789		5,374
Other deferred tax assets	$	9,696	$	6,015
Total deferred tax assets before valuation allowance	142,592		113,600
Valuation allowance	(137,444)		(109,701)
Deferred tax assets – net of valuation allowance	5,148		3,899
Other deferred tax liabilities	$	(1,149)	$	(1,214)
Intangibles	(15,659)		(16,381)
Total deferred tax liabilities	(16,808)		(17,595)
Net deferred tax liabilities	$	(11,660)	$	(13,696)

Schedule of Valuation Allowance

Changes in the valuation allowance for deferred tax assets during the years ended December 31, 2024 and 2023, are as follows:

	2024		2023
Valuation Allowance as on January 1st	$	109,701	$	70,040
Increases recorded to tax provision	27,743		15,244
Increases recorded to goodwill	—		26,040
Decreases recorded as a benefit to income tax provision	—		(1,623)
Valuation Allowance as on December 31st	$	137,444	$	109,701

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to the effective tax rate for the years ended December 31, 2024, 2023 and 2022 are as follows:

	Year Ended December 31,
	2024		2023		2022
Income tax provision at U.S. statutory federal rate	$	(30,683)	$	(27,721)	$	(11,286)
State income tax provision, net of federal income tax effect	389		(1,216)		(5)
Foreign rate differential	(1,571)		(2,445)		(250)
Noncontrolling interest	2,965		4,858		1,844
Change in valuation allowance	24,358		19,511		6,728
Section 162(m) addback on executive compensation	—		565		542
GILTI inclusion, net	4,102		2,881		1,301
Other	(1,482)		(967)		91
Provision for income taxes	$	(1,922)	$	(4,534)	$	(1,035)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2024, 2023 and 2022 are as follows:

	Year Ended December 31,
	2024		2023		2022
Balance at January 1st	$	696	$	—	$	—
Additions for purchase accounting	—		696		—
Balance at December 31st	$	696	$	696	$	—