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Income Taxes
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes
13.
Income Taxes

The income tax provision is calculated for an interim period by distinguishing between elements recognized in the income tax provision through applying an estimated annual effective tax rate to a measure of year-to-date operating results referred to as “ordinary income (or loss),” and discretely recognizing specific events referred to as “discrete items” as they occur. The Company’s effective tax rates for the three months ended September 30, 2025, and 2024 differ from the federal statutory rate of 21% principally as a result of valuation allowances expected to be maintained against the Company’s deferred tax assets. Additionally, the Company recorded a discrete tax expense for the three and nine months ended September 30, 2025, of $0.2 million and $0.7 million, respectively. For discrete tax expense recorded during the three and nine months ended September 30, 2025, $0.3 million is related to the settlement of a foreign tax examination. In January 2025, the Italian tax authority initiated a tax examination of the Company’s Italian operations. In April 2025, the tax examination was closed, and the settlement liability was approximately $0.3 million. The Company recorded a de minimis amount of income tax expense for the three and nine months ended September 30, 2024.

In July 2025, the One Big Beautiful Bill Act (the “OBBB”) was enacted into law. The OBBB, among other changes, eliminates the requirement to capitalize U.S. domestic research and development expenses and permanently extends or changes several key provisions of the Tax Cuts and Jobs Act, including 100% bonus depreciation and the business interest expense limitation. The Company is evaluating the provisions of the OBBB and its impact to income taxes and future condensed consolidated financial statements but does not expect the OBBB to have a material impact on the Company’s effective tax rate due to the valuation allowance offsetting U.S. deferred tax assets.