Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 12. Income taxes The Company determines its income tax provision for interim periods using an estimate of its annual effective tax rate, adjusted for discrete items occurring in the periods presented. The Company recorded no income tax expense or benefit for the three months ended September 30, 2026 and 2025, representing effective tax rates of 0.0% for both periods. The Company recorded no income tax expense or benefit and an income tax benefit of $4.2 million for the nine months ended September 30, 2026 and 2025, representing effective tax rates of 0.0% and 3.0%, respectively. There was no change in income tax expense or benefit for the three months ended September 30, 2026 as compared to the three months ended September 30, 2025. For the nine months ended September 30, 2026, as compared to the nine months ended September 30, 2025, the change from an income tax benefit to no income tax expense or benefit was primarily due to a discrete release of valuation allowance in the prior-year period attributable to deferred tax liabilities acquired in a business combination, which provided a source of future taxable income supporting realization of a portion of the Company's existing deferred tax assets. For the three and nine months ended September 30, 2026, the effective tax rate differs from the U.S. federal statutory rate primarily because the Company maintains a full valuation allowance against its net deferred tax assets, as the Company has determined that realization of those assets is not more likely than not based on available evidence. The Company had no material unrecognized tax benefits as of September 30, 2026. |