v3.25.4
Income Taxes
6 Months Ended
Dec. 31, 2025
Income Taxes  
Income Taxes

Note 6.  Income Taxes

The effective tax rate for the three months ended December 31, 2025 and 2024 was 1.6% and (0.8)%, respectively. The effective tax rate for the six months ended December 31, 2025 and 2024 was 2.3% and (4.9)%, respectively. The

Company’s effective tax rate differs from the statutory tax rate primarily due to the reduction in the valuation allowance, which is reserving for net operating losses that are expected to be utilized when the tax returns are filed.