v3.25.4
Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Net operating losses $ 440,347 $ 401,330
Tax credits 129,428 119,681
Stock-based compensation 51,376 68,178
Capitalized R&D expenditures 651,267 672,828
Operating lease liabilities 29,601 39,615
Other 68,026 62,340
Gross deferred tax assets 1,370,045 1,363,972
Valuation allowance (1,264,670) (1,167,316)
Total deferred tax assets 105,375 196,656
Deferred tax liabilities:    
Intangible Asset (123,225) (221,869)
Depreciation and Amortization (11,972) (21,694)
Operating lease ROU assets (20,978) (25,762)
Total deferred tax liabilities (156,175) (269,325)
Net deferred tax assets (liabilities), net of valuation allowances $ (50,800) $ (72,669)