Income Taxes |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes Our income tax provision for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a cumulative adjustment. During the three months ended March 31, 2026 and 2025, the Company recorded an income tax provision of $1.0 million and benefit of $0.1 million, respectively, resulting in an effective tax rate of (10.4)% and (15.0)%, respectively. These effective tax rates differ from the U.S. federal statutory rate primarily due to the impact of nondeductible items, including certain executive compensation costs, stock-based compensation, common stock warrant expense, and the tax expense related to uncertain tax positions; partially offset by the benefit of research and development tax credits. The Company's income tax returns are subject to audit. As of March 31, 2026, the Company is not currently under audit by any taxing authorities, and there are no proposed adjustments to our tax positions.
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