Income Taxes |
6 Months Ended |
---|---|
Jun. 30, 2025 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 14. Income Taxes For the six months ended June 30, 2025 and 2024, the Company recorded an income tax provision of $0.07 million and $0.05 million, respectively, resulting in an effective tax rate of 0.1% in each period. The income tax provision for the six months ended June 30, 2025 is attributable to state and foreign income taxes. The difference in the statutory rate and the effective tax rate is primarily the result of the valuation allowance recorded on all deferred tax assets. Due to the Company’s history of losses since inception, there is not enough positive evidence at this time to support a position that the Company will generate future income of a sufficient amount and nature to utilize the benefits of its net deferred tax assets. Accordingly, the deferred tax assets have been reduced by a full valuation allowance, since the Company does not currently believe that realization of its deferred tax assets is more likely than not. As of June 30, 2025, the Company had no unrecognized income tax benefits that would reduce the Company’s effective tax rate if recognized. |