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Income Taxes | 9 Months Ended
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Sep. 30, 2025
Income Tax Disclosure [Abstract] |
Income Taxes | 12. INCOME TAXES AFG files a consolidated U.S. Federal income tax return with its 80% or more owned domestic subsidiaries ("Consolidated Tax Subsidiaries"). Beat's U.S. subsidiaries are not included in AFG's Federal consolidated income tax return since AFG does not own 80% or more of these entities. AFG and its Consolidated Tax Subsidiaries also file separate or combined income tax returns in various states, local and foreign jurisdictions. In accordance with the Income Tax Topic of the ASC, a valuation allowance is recognized if, based on the weight of available evidence, it is more-likely-than-not that some, or all, of the deferred tax asset will not be realized. As a result of the risks and uncertainties associated with future operating results, management believes it is more likely than not that the Company will not generate sufficient U.S. federal, state and/or local taxable income to recover its deferred tax operating assets and therefore maintains a full valuation allowance. Consolidated Pretax Income (Loss) U.S. and foreign components of pre-tax income (loss) were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
U.S. | $ | (26,385) |  |  | $ | (19,459) |  |  | $ | (51,962) |  |  | $ | (37,447) |
Foreign | (5,694) |  |  | (1,298) |  |  | (18,198) |  |  | (1,298) |
Total | $ | (32,079) |  |  | $ | (20,757) |  |  | $ | (70,160) |  |  | $ | (38,745) |
Provision (Benefit) for Income Taxes The components of the provision for income taxes were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Current taxes |  |  |  |  |  |  |
U.S. state and local | $ | — |  |  | $ | — |  |  | — |  |  | 100 |
Foreign | 1,824 |  |  | 292 |  |  | 4,600 |  |  | 292 |
Total Current taxes | 1,824 |  |  | 292 |  |  | 4,600 |  |  | 392 |
Deferred taxes |  |  |  |  |  |  |
U.S.federal | (483) |  |  | (232) |  |  | (2,636) |  |  | (232) |
Foreign | (2,582) |  |  | (927) |  |  | (5,994) |  |  | (927) |
Total Deferred taxes | (3,065) |  |  | (1,159) |  |  | (8,630) |  |  | (1,159) |
Provision (benefit) for income taxes | $ | (1,241) |  |  | $ | (867) |  |  | $ | (4,030) |  |  | $ | (767) |

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