Income taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income taxes | |
| Income taxes | 19. Income taxes The Company recorded income tax expense of $0.8 million for the three and six months ended June 30, 2026. This was primarily from interest under Internal Revenue Code (“IRC”) section 453A related to the $15.0 million milestone payment from Secura because it was an installment sale. A portion was also related to state taxes. The Company did not record a federal or state income tax provision or benefit for the six months ended June 30, 2025, due to the expected loss before income taxes to be incurred for the years ended December 31, 2025, as well as the Company’s continued maintenance of a full valuation allowance against its net deferred tax assets. |