Income Taxes |
6 Months Ended |
---|---|
Jun. 30, 2025 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 9. Income Taxes During each of the three and six months ended June 30, 2025 and 2024, the Company recorded no income tax provision related to its U.S. entity. On a quarterly basis, the Company reassesses the valuation allowance on its deferred tax assets, weighing positive and negative evidence to determine the recoverability of such deferred tax assets. In the second quarter of 2025, the Company reassessed the valuation allowance and considered all positive and negative evidence, including its cumulative losses over the year ended December 31, 2024 and the six months ended June 30, 2025 and concluded that it should maintain the valuation allowance on its Irish net operating losses and other Irish and U.S. deferred tax assets as of June 30, 2025. |