v3.26.1
Income Taxes
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes

(8) Income Taxes

A full valuation allowance has been established against our net U.S. federal and state deferred tax assets and foreign deferred tax assets, including net operating loss carryforwards.

The Company had $0.4 million of income tax provision for the three months ended June 30, 2026 and $0.6 million of income tax provision for the six months ended June 30, 2026 as compared to less than $(0.1) million of (benefit) for the same periods in 2025. This estimated annual effective tax rate of (5.4)% differs from the U.S. federal statutory rate primarily due to the effects of certain permanent items, foreign tax rate differences, and increases in the valuation allowance against deferred tax assets.