v3.26.1
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Schedule of Consolidated Income Tax Benefit (Expense)
The components of the Company’s Income (loss) before income taxes are as follows:
Year ended December 31,
(in thousands)202520242023
United States$(223,032)$(325,280)$(197,191)
Foreign19 (7)56 
Income (loss) before income taxes$(223,013)$(325,287)$(197,135)
The Company conducts most of its operations through GREC, its wholly owned subsidiary that is taxable as a corporation. The Company’s consolidated Benefit from income taxes consists of the following:
Year ended December 31,
(in thousands)202520242023
Current (benefit) income tax provision:
Federal$— $— $— 
State— — — 
Foreign— — 
Current (benefit) provision for income taxes$$— $— 
Deferred (benefit) income tax provision:
Federal$(643)$(20,189)$(19,269)
State(7,486)813 (2,290)
Foreign(2)11 
Deferred (benefit) provision for income taxes$(8,127)$(19,378)$(21,548)
Total (benefit) provision for income taxes$(8,124)$(19,378)$(21,548)
The following table presents the Company’s consolidated income tax benefit (expense) for the following periods:
Three months ended
March 31,
(in thousands)20262025
Income tax (expense) benefit$(6,173)$10,374