Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The Company’s provision for income taxes was $0.1 million for the three months ended June 30, 2026. The Company’s benefit from income taxes was an immaterial amount for the same period in the prior year. Our effective tax rate was negative 0.39% for the three months ended June 30, 2026, as compared to 0.11% for the same period in the prior year. The effective tax rates were less than the federal statutory rate of 21% primarily due to book losses, state and foreign taxes and equity award activities, mostly offset by a full valuation allowance on our deferred tax assets. The Company’s provision for income taxes was $0.2 million for the six months ended June 30, 2026, and an immaterial amount for the same period in the prior year. Our effective tax rate was negative 0.48% for the six months ended June 30, 2026, as compared to negative 0.06% for the same period in the prior year. The effective tax rates were less than the federal statutory rate of 21% primarily due to book losses, state and foreign taxes and equity award activities, mostly offset by a full valuation allowance on our deferred tax assets.
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