Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 7. Income Taxes The Company’s effective tax rates for the three months ended June 30, 2026 and 2025 were 47% and 0%, respectively. The Company's effective tax rates for the six months ended June 30, 2026 and 2025 were 36% and 1%, respectively. The effective tax rates for each of the three and six months ended June 30, 2026 were higher than the 21% U.S. statutory corporate income tax rate, primarily driven by the Company’s non-deductible expenses, tax credits, and changes in valuation allowance. The effective tax rates for each of the three and six months ended June 30, 2025 were lower than the 21% U.S. statutory corporate income tax rate, primarily driven by the Company’s non-deductible expenses, tax credits, changes in valuation allowance, and certain non-recurring items including non-deductible goodwill impairment.
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