Income Taxes |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 12. Income Taxes The quarterly tax provision and estimates of annual effective tax rate are affected by several factors, including changes in pre-tax income (or loss), the mix of jurisdictions to which such income relates, and discrete items (such as windfalls or shortfalls from stock-based compensation). The provision for (benefit from) income taxes was $(1.8) million and $3.9 million for the three months ended March 31, 2026 and 2025, retrospectively. The effective tax rate for the three months ended March 31, 2026 and 2025 were 27.5% and 151.1%, respectively. The effective tax rate for the first quarter of 2026 is lower than the first quarter of 2025 because the full valuation allowance on U.S. federal and state deferred tax assets was released in the fourth quarter of 2025.
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