Income Taxes |
6 Months Ended |
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Jun. 30, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The provision for income taxes is recorded at the end of each interim period based on the Company’s best estimate of its effective income tax rate expected to be applicable for the full fiscal year, adjusted for any discrete items during the quarter. The Company has recorded an income tax provision of less than $0.2 million during each of the three and six months ended June 30, 2025, and less than $0.1 million and $0.2 million during the three and six months ended June 30, 2024, respectively, related to foreign income taxes in Canada. Other than Canadian income taxes, there is no provision for income taxes because the U.S. Company has incurred operating losses since inception. The Company’s effective income tax rate was 0.95% and 0.46% for the three and six months ended June 30, 2025, respectively, and 0.28% and 0.52% during the three and six months ended June 30, 2024, respectively. The Company continues to maintain a full valuation allowance on its net deferred tax assets in the U.S.
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