Income Taxes

9 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

Income tax provision was $0.1 million and $0.9 million for the three and nine months ended September 30, 2024, respectively, and $0.1 million and $0.6 million for the three and nine months ended September 30, 2023, respectively. The effective tax rate for the three and nine months ended September 30, 2024 was 0.4% and 1.3%, respectively, and for the three and nine months ended September 30, 2023 was 0.4% and 0.7%, respectively. The income tax provision and effective tax rate are primarily driven by a mix of geographic income and associated effective tax rates.

Our tax provision for income taxes for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any. Each quarter, we update our estimate of the annual effective tax rate and make a year-to-date adjustment to the provision.

As of September 30, 2024, we are subject to examination by various tax authorities for 2018 through 2023. During the three and nine months ended September 30, 2024, there was no material change to our uncertain tax positions. We do not expect our unrecognized tax positions to change significantly over the next twelve months.