Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 11. Income Taxes The Company’s quarterly provision for income taxes is based on an estimated annual effective income tax rate. The quarterly provision for income taxes also includes discrete items, such as changes in valuation allowances or adjustments upon finalization of tax returns as well as infrequently occurring items, if any, such as the effects of changes in tax laws or rates, in the interim period in which they occur. The Company recorded income tax expense of less than $0.1 million and an income tax benefit of $1.2 million in the three months ended September 30, 2026 and 2025, respectively. The Company recorded income tax expense of $0.1 million and an income tax benefit of $1.9 million during the nine months ended September 30, 2026 and 2025, respectively. The change from an income tax benefit in the prior-year periods to income tax expense in 2026 primarily reflects higher minimum tax expense for the various states in which the Company operates, and the effect of the Company's foreign operations, which reported higher pre-tax income in the first nine months of 2026 compared to the same period in 2025. The Company’s effective tax rates for both periods differ from the 21% U.S. federal statutory tax rate primarily due to valuation allowances recorded against deferred tax assets on domestic losses and the tax rate differences between the United States and foreign countries. The Company maintains a valuation allowance against its U.S. deferred tax assets as the Company believes it is more likely than not the deferred tax assets will not be realized. |