v3.25.2
Income Taxes
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

12. Income taxes

During the three and six months ended June 30, 2025 and 2024, the Company recorded a full valuation allowance on federal and state deferred tax assets since there is insufficient evidence that the deferred tax assets are more likely than not realizable. The Company did not have any tax provision for the six months ended June 30, 2025 and recorded a tax provision of less than $0.1 million for the six months ended June 30, 2024.

On July 4, 2025, the One Big Beautiful Bill Act, or OBBBA, was signed into law, which includes a broad range of tax reform provisions. The Company is currently evaluating the impact of the new legislation but does not expect it to have a material impact on the results of operations.