v3.25.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Summary of Loss Before Provision (Benefit) for Income Taxes
Loss before income tax (benefit) provision for the years ended December 31, 2024, 2023 and 2022 consists of the following:
 
 Year Ended December 31,
 202420232022
United States$(586,004)$(753,105)$(1,329,931)
Foreign(7,154)(38,148)(113,027)
Loss before income tax (benefit) provision$(593,158)$(791,253)$(1,442,958)
Summary of Components of the Provision (Benefit) for Income Taxes
The components of the provision (benefit) for income taxes consists of the following:
 Year Ended December 31,
 202420232022
Current:   
Federal$10 $— $— 
State607 433 456 
Foreign5,775 3,888 5,085 
Total current provision6,392 4,321 5,541 
Deferred:
Federal(64,196)205 (52,411)
State(29,022)2,643 (17,624)
Foreign485 3,001 (3,372)
Total deferred provision(92,733)5,849 (73,407)
Total income tax (benefit) provision$(86,341)$10,170 $(67,866)
Summary of Reconciliation
The reconciliation between income taxes computed at the U.S. statutory income tax rate to our provision for income taxes for the years ended December 31, 2024, 2023 and 2022 is as follows:
 
 Year Ended December 31,
 202420232022
Benefit for income taxes at 21% rate$(124,563)$(166,217)$(303,028)
State taxes, net of federal benefit(9,752)(40,385)(17,265)
Stock-based compensation (benefit) expense(882)26,155 28,015 
Non-deductible lobbying expenses6,924 1,009 4,788 
Change in valuation allowance18,307 130,817 166,978 
Non-deductible executive compensation18,275 30,106 54,925 
Loss (gain) on remeasurement of warrant liabilities1,270 12,084 (6,173)
Foreign rate differential1,003 3,348 1,802 
Income tax reserves3,848 4,119 (553)
Other(771)9,134 2,645 
Total income tax (benefit) provision$(86,341)$10,170 $(67,866)
Summary of Components of Deferred Tax Assets (Liabilities)
Significant components of the Company’s deferred tax assets (liabilities) as of December 31, 2024 and 2023 are as follows:
 
 Year Ended December 31,
 20242023
Deferred tax assets:  
Net operating loss carryforwards$1,100,214 $1,042,874 
Intangible assets13,770 82,813 
Accrual and other temporary differences78,535 59,656 
Operating lease22,239 24,784 
Stock-based compensation60,754 51,065 
Capitalized research and development costs199,678 128,719 
Fixed assets3,710 2,451 
Gross deferred tax assets1,478,900 1,392,362 
Valuation allowance(1,453,715)(1,358,934)
Net deferred tax assets$25,185 $33,428 
Deferred tax liabilities:
Capitalized software costs$— $(4,535)
Fixed assets(108)(162)
Intangible assets(6,532)— 
Operating lease(21,472)(25,528)
Other(4,041)(7,798)
Gross deferred tax liabilities(32,153)(38,023)
Total net deferred tax liabilities$(6,968)$(4,595)
Schedule of Unrecognized Tax Benefits Roll Forward
The following table presents a reconciliation of the total amounts of unrecognized tax benefits, excluding interest and penalties, included in long-term income tax liabilities on the Company’s consolidated balance sheets:
 
Year Ended December 31,
202420232022
Unrecognized tax benefits at the beginning of the year$57,424 $58,011 $72,407 
Additions for tax positions of prior years— 1,026 1,807 
Reduction for tax positions of prior years(1,395)(269)— 
Additions for tax positions of current year377 449 — 
Settlements— — (7,412)
Foreign currency adjustments(376)(1,793)(8,791)
Unrecognized tax benefits at the end of the year$56,030 $57,424 $58,011