Income Taxes

9 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

Provision for income taxes for each of the three and nine months ended September 30, 2024 was $0.2 million. The provision for income taxes for each of the three and nine months ended September 30, 2023 was $0.3 million. The effective tax rate was 0.6% and (0.2)% or the three months ended September 30, 2024 and 2023, respectively. The effective tax rate was(0.1)% for the nine months ended September 30, 2024 and 2023.The effective tax rates differ significantly from the statutory tax rate of 21%, primarily due to the Company’s valuation allowance movement in each period presented and taxes on foreign earnings.