Income Taxes

6 Months Ended

Jun. 30, 2026

Income Tax Disclosure [Abstract]

Income Taxes

15. Income Taxes

The Company’s income tax expense was not material for the three and six months ended June 30, 2026, and 2025.

The Company’s effective tax rate for the three and six months ended June 30, 2026, and 2025 was approximately 0%. For the periods presented, the difference between the effective tax rate and the federal statutory rate of 21% primarily relates to certain non-deductible items, the absence of current taxable income, and the full valuation allowance on deferred tax assets.