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Provision for Income Tax (Tables)
3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Summary of Income Tax Expense and Effective Tax Rate

The following table summarizes the Company’s income tax expense and effective tax rate three months ended March 31, 2025 and 2024:

 

 

Three Months Ended March 31,

 

 

2025

 

 

2024

 

 

(in thousands, except percent)

 

Net income (loss)

$

(1,490

)

 

$

2,209

 

Income tax expenses

 

3,308

 

 

 

87

 

Effective tax rate

 

(222.0

)%

 

 

3.9

%