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

Note 13 – Income Tax

The Company’s effective tax rate was 2.25% and 0.67% for the three months ended June 30, 2026 and 2025, respectively, and 0.20% and 0.27% for the six months ended June 30, 2026 and 2025, respectively. The reconciliation between the Israel statutory federal income tax rate of 23% and the effective tax rate primarily reflects pre-tax losses incurred in domestic and foreign jurisdictions for which no tax benefit was recognized due to a valuation allowance recorded against the majority of deferred tax assets. The Company maintained a valuation allowance against its deferred tax assets as of both June 30, 2026 and December 31, 2025.