v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income Before the Provision for Income Taxes
Loss before the provision for income taxes consists of the following (in thousands):
Years Ended December 31,
20252024
Domestic$(57,077)$(57,570)
Foreign3,700 1,676 
Total loss before provision for taxes$(53,377)$(55,894)
Schedule of Components of Income Tax Expense
The components of income tax expense are as follows (in thousands):
Years Ended December 31,
20252024
Current:
Federal$— $— 
State45 53 
Foreign600 471 
Total current expense$645 $524 
Deferred:
Federal$(5)$7 
State5 8 
Foreign(19)(39)
Total deferred expense(19)(24)
Total income tax expense$626 $500 
Schedule of Reconciliation Between Federal Statutory Rate and Effective Rate
The table below provides the updated requirements of ASU 2023-09 for 2025. See Notes to Financial Statements - Income Taxes for additional details on the adoption of ASU 2023-09. The effective tax rate differs from the federal statutory income tax rate applied to the loss before provision for income taxes and tax due to the following:
Year Ended December 31, 2025
$%
U.S. federal statutory tax rate$(11,209)21.0 %
State and local income taxes, net of federal(1)
50 (0.1)%
Foreign tax effects(203)0.4 %
Enactment of new tax laws— 0.0 %
Effect of cross-border tax laws
        Global Intangible Low-Tax Income199 (0.4)%
Tax credits(170)0.3 %
Valuation allowances8,273 (15.5)%
Nontaxable or nondeductible items
        Stock-based compensation(2)
2,936 (5.5)%
        Other269 (0.5)%
Changes in unrecognized tax benefits26 0.0 %
Other adjustments
        Expiring attributes559 (1.1)%
        Other(104)0.2 %
Total$626 (1.2)%
(1) State taxes in Texas made up the majority (greater than 50%) of the tax effect in this category.
(2) Includes amounts related to non-deductible stock-based compensation, including non-deductible executive compensation, in addition to excess tax benefits or shortfalls from stock-based compensation.

As previously disclosed for the years ended December 31, 2024 and 2023, prior to the adoption of ASU 2023-09, the effective income tax rate differs from the statutory federal income tax rate as follows:
Years Ended December 31,
20242023
Federal statutory rate21.0 %21.0 %
State taxes, net of federal benefit(0.1)%(0.1)%
Foreign earnings at different rates0.1 %(0.5)%
Tax credits1.3 %(0.9)%
Permanent differences(5.7)%(4.6)%
Prior year true-up(0.2)%0.6 %
Change in valuation allowance(16.8)%(16.4)%
Other rate impacts(0.5)%— %
Effective tax rate(0.9)%(0.9)%
Schedule of Income Taxes Paid (Net of Refunds)
Income taxes paid (net of refunds) exceeded 5 percent of total income taxes paid (net of refunds) in the following jurisdictions:
Year Ended
December 31,
2025
Income taxes paid:
Federal$— 
State45 
Foreign:
Switzerland138 
France80 
United Kingdom 60 
Germany59 
Italy34 
Spain32 
Other20 
Total$468 
Schedule of Significant Components Deferred Tax Assets and Liabilities Significant components of the Company’s deferred tax assets and liabilities for federal and state income taxes are as follows (in thousands):
December 31,
20252024
Deferred tax assets:
Net operating loss carryforwards$76,653 $65,515 
Tax credit carryforwards7,620 7,331 
Accruals and reserves1,401 1,993 
Depreciation380 303 
Intangible assets3,065 3,527 
   Right of use liability4,464 4,568 
   Capitalized research costs6,309 7,754 
 Other5,261 4,467 
Total deferred tax assets105,153 95,458 
Less: valuation allowance(100,491)(90,598)
Total deferred tax assets, net of valuation allowance$4,662 $4,860 
Deferred tax liabilities:
Right of use asset$(4,162)$(4,358)
Goodwill(569)(589)
Total deferred tax liabilities$(4,731)$(4,947)
Net deferred tax liabilities$(69)$(87)
Schedule of Unrecognized Tax Benefits
The following table summarizes the activity related to the Company’s gross unrecognized tax benefits (in thousands):
Balance at December 31, 2023$8,662 
Additions for tax positions related to prior year170 
Additions for tax positions related to current year40 
Balance at December 31, 2024$8,872 
Additions for tax positions related to prior year158 
Decreases for tax positions related to prior year(8)
Additions for tax positions related to current year51 
Balance at December 31, 2025$9,073