Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 14. Income Taxes The consolidated effective tax rate was 0.7% and 0.04% for the three months ended September 30, 2026 and 2025, respectively. The consolidated effective tax rate was 3.9% and (0.2)% for the nine months ended September 30, 2026 and 2025, respectively. The difference between the rate for the three and nine months ended September 30, 2026 and 2025 and the U.S. federal income tax rate of 21% was due primarily to a full valuation allowance against the Company’s net deferred tax assets, partially offset by state income taxes. As of September 30, 2026 and December 31, 2025, the Company has $5.6 million and $5.2 million of unrecognized tax benefits, respectively, fully offset by a valuation allowance. No material interest or penalties were incurred during the nine months ended September 30, 2026 and 2025.
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