Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Tax, Domestic and Foreign

Loss before income taxes for the years ended December 31, 2024, and 2023 are as follows (in thousands):

	Year Ended December 31,
	2024		2023
Domestic	$	(98,413)	$	(375,023)
Foreign	1,905		1,436
Total	$	(96,508)	$	(373,587)

Schedule of Components of Income Tax Expense

The components of income tax expense are as follows (in thousands):

	Year Ended December 31,
	2024		2023
Current:
Federal	$	—	$	84
State	34		38
Foreign	314		372
Total current expense	348		494
Deferred:
Federal	135		—
State	—		—
Foreign	54		29
Total deferred expense	189		29
Total income tax expense	$	537	$	523

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation between the statutory U.S. federal rate and the Company’s effective tax rate is as follows:

	Year Ended December 31,
	2024		2023
Tax at federal statutory rate	$	(20,267)	$	(78,453)
State income taxes, net of federal benefit	23		30
Stock compensation	7,213		8,185
Foreign rate differential	10		99
Fair value changes - warrants	(22)		10
Goodwill impairment	—		35,002
Valuation allowance	13,174		35,856
Non-deductible expenses	39		(412)
Other	367		206
Total tax provision	$	537	$	523

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities for federal, state and foreign income taxes are as follows (in thousands):

	Year Ended December 31,
	2024		2023
Deferred tax assets:
Net operating loss carryforwards	$	200,050	$	222,481
Credits	9,863		9,863
Stock based compensation	2,118		6,359
Accruals and reserves	4,296		10,805
Deferred revenue	5,163		5,017
Fixed assets	1,689		2,260
Operating lease liability	5,086		9,725
Capitalized research and development expenditures	37,291		53,647
Gross deferred tax assets	265,556		320,157
Valuation allowance	(259,698)		(305,007)
Net deferred tax assets	5,858		15,150
Deferred tax liabilities:
Intangible property	(3,022)		(6,343)
Operating lease, right of use assets	(2,571)		(8,388)
Gross deferred tax liabilities	(5,593)		(14,731)
Net deferred tax assets	$	265	$	419

Schedule of Unrecognized Tax Benefits

The following table sets forth the change in the uncertain tax positions for the years ended December 31, 2024 and 2023 (in thousands):

	Year Ended December 31,
	2024		2023
Balance at the beginning of the year	$	24,755	$	18,812
Decreases:
For prior years’ tax positions	—		(1,958)
Increases:
For prior years’ tax positions	—		7,901
Balance at the end of the year	$	24,755	$	24,755