Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Tax Expense (Benefit)

Teknova’s benefit from income taxes consist of the following (in thousands):

	For the Year Ended December 31,
	2024			2023
Current:
Federal	$	—		$	—
State		4			6
Total current		4			6
Deferred:
Federal		(24	)		(25	)
State		(68	)		(279	)
Total deferred		(92	)		(304	)
Income tax benefit	$	(88	)	$	(298	)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory tax rate to the Company’s effective tax rate was as follows:

	For the Year Ended December 31,
	2024			2023
Statutory federal income tax rate %		21.0	%		21.0	%
State income tax rate		4.9			5.9
Stock compensation		(2.4	)		(0.5	)
Research and development credit		0.1			0.7
Change in valuation allowance		(21.5	)		(26.1	)
Other		(1.8	)		(0.2	)
Effective tax rate %		0.3	%		0.8	%

Schedule of Net Deferred Tax Liability and Assets

The Company’s component of net deferred tax liability and assets consist of the following (in thousands):

	As of December 31,
	2024			2023
Deferred tax asset
Net operating loss carryforwards	$	20,499		$	14,184
Accrued compensation		509			803
Stock compensation		1,762			1,823
Tax credit carryforwards		1,058			880
Accruals and other		635			131
Operating lease liabilities		4,382			4,599
Capitalized research and development expenses		2,288			2,304
Inventory capitalization		386			428
Total deferred tax asset		31,519			25,152
Deferred tax liability
Property, plant, and equipment		(2,410	)		(1,231	)
Intangibles		(3,280	)		(3,600	)
Operating right-of-use lease assets		(4,140	)		(4,402	)
Total deferred tax liability		(9,830	)		(9,233	)
Valuation allowance		(22,516	)		(16,838	)
Net deferred tax liability	$	(827	)	$	(919	)