v3.25.4
Provision for Income Taxes - Schedule of Significant Components of Deferred Taxes (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
NOL and credit carryforwards $ 131,077 $ 116,084
Deferred revenue 24,846 26,069
Accrued expenses and other 5,355 7,190
Stock-based compensation 9,716 11,080
Lease liabilities 10,287 11,633
Convertible debt hedge 599 2,957
IRC Section 174 expenditures 58,558 73,860
Total deferred tax assets 240,438 248,873
Deferred tax liabilities:    
Deferred expenses (18,746) (17,858)
Depreciation and amortization (9,993) (11,441)
Capitalized software 0 (1,690)
Right of use assets (6,489) (7,166)
Total deferred tax liabilities (35,228) (38,155)
Deferred tax assets less tax liabilities 205,210 210,718
Less: valuation allowance (212,512) (217,053)
Net deferred tax liability $ (7,302) $ (6,335)