v3.25.2
Income Taxes
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
As of June 30, 2025, the Company maintained a full valuation allowance against its net deferred tax assets. The Company continually reviews the adequacy of the valuation allowance and intends to continue maintaining a full valuation allowance on its net deferred tax assets until there is sufficient evidence to support the reversal of all or a portion of the allowance. Should the Company’s assessment change in a future period, it may release all or a portion of the valuation allowance, which would result in a deferred tax benefit in the period of adjustment.
For the three months ended June 30, 2025 and 2024, the Company recorded an income tax benefit of $0 and $283, respectively. For the six months ended June 30, 2025 and 2024, the Company recorded an income tax benefit of $182 and $5,364, respectively. The effective tax rate was 0% for the three and six months ended June 30, 2025 and 2024, which was a result of the full valuation allowance on net deferred tax assets.