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Income Taxes
3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s provision for income taxes was $39.0 thousand and $38.0 thousand for the three months ended March 31, 2025 and 2024, respectively, which represented an effective tax rate of negative 0.23% and 0.20% for the respective periods. The Company has historically been in an overall loss position and is only subject to foreign and state taxes. The Company maintains a full valuation allowance for all its net deferred tax assets. The effective tax rates were less than the federal statutory rate of 21% primarily due to book losses, state taxes and equity award activities, mostly offset by a full valuation allowance on deferred tax assets for the three months ended March 31, 2025 and 2024, respectively.