Income taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income taxes | Note 16. Income taxes Our income tax expense for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our annual effective tax rate changes, we make a cumulative adjustment. Significant judgment is required in estimating our annual effective tax rate and in evaluating our tax positions. The effective tax rate for the six months ended June 30, 2026 was (201.2) %,23.6 % for the six months ended June 30, 2025. The effective tax rate for the three months ended June 30 , 2026 was (312.2) %,22.5 % for the three months ended June 30 , 2025. The effective tax rate decreased for the three months ended June 30, 2026 and the six months ended June 30, 2026 compared to the three months ended June 30, 2025 and the six months ended June 30, 2025. The decrease of the annual effective tax rate was primarily due to losses and expenses providing no income tax benefit in certain jurisdictions. For the six months ended June 30, 2026 these losses and expenses have been driven by IPO and Public market readiness costs as well as non-deductible expenses for interests. Furthermore, an increase in the estimate for U.S. federal Foreign-Derived Deduction-Eligible Income tax deduction relative to its predecessor regime also decreased the annual effective tax rate for 2026. |