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 $ 50,636 $ 23,278
Research and other credit carryforwards 3,749 3,104
Accruals and reserves 692 1,411
Stock-based compensation 2,768 847
Deferred revenue 1,878 1,219
Capitalized research and development 11,305 13,457
Lease liabilities 4,740 2,148
Interest 4,809 4,554
Other 871 919
Total gross deferred tax assets 81,448 50,937
Less: Valuation allowance (48,664) (40,257)
Total deferred tax assets 32,784 10,680
Deferred Tax Liabilities:    
Property and equipment (1,846) (1,118)
Intangible assets (18,209) (7,710)
Lease assets (4,470) (1,901)
Investment in subsidiaries (16,194) 1,076
Method change §481(a) adjustment (842) (1,062)
Unrealized gains and losses (81) (77)
Total gross deferred tax liabilities (41,642) (10,792)
Net deferred tax liabilities $ (8,858) $ (112)