v3.26.1
Income Taxes
3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes

7. Income Taxes

For the three months ended March 31, 2026 and 2025, income tax expense was $1.4 million and $3.4 million, respectively. The Company’s effective tax rate for the three months ended March 31, 2026 was 44.3% compared to (78.4)% for the same period in 2025. The difference in the effective tax rate is primarily due to the change in the Company’s tax-paying components as a result of the Equity Reorganization, changes in non-deductible compensation and the related impacts to the valuation allowance.