Income Taxes

6 Months Ended

Jun. 30, 2025

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Company had an effective tax rate of 0% for both the three and six months ended June 30, 2025 and

2024. The Company continues to incur operating losses.

During the three and six months ended June 30, 2025 and 2024, the Company has evaluated all available

evidence, both positive and negative, including historical levels of income, expectations and risks

associated with estimates of future taxable income and has determined that it is more likely than not that

its net deferred tax assets will not be realized. Due to uncertainties surrounding the realization of the

deferred tax assets, the Company continues to maintain a full valuation allowance against its net deferred

tax assets.

On July 4, 2025, the One Big Beautiful Bill Act was signed into law in the United States which contains a

broad range of tax reform provisions affecting businesses. The Company is currently assessing the

impact on its condensed consolidated financial statements.