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Income Taxes | 6 Months Ended
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Jun. 30, 2026
Income Tax Disclosure [Abstract] |
Income Taxes | 13. Income Taxes As of each reporting date, management considers new evidence, both positive and negative, that could affect its view of the future realization of deferred tax assets. As of June 30, 2026, the Company determined there is sufficient positive evidence that it is more likely than not that the net deferred tax assets of Tigo Energy AI Ltd., an Israeli subsidiary, will be realized, and accordingly released the full valuation allowance previously recorded against those assets. Accordingly, in the three months ended June 30, 2026, the Company recorded a discrete tax benefit and valuation allowance release of $3.3 million on the basis of management's reassessment of the amount of its deferred tax assets that are more likely than not to be realized. This release was driven by a change to the Company's intercompany operating model during the period, under which the relevant foreign subsidiary's transfer pricing arrangement was converted to a cost-plus structure that guarantees the subsidiary a consistent operating margin, and therefore consistent future taxable income, regardless of the Company's consolidated results. The Company recorded a tax benefit for the three and six months ended June 30, 2026, of $3.2 million and $3.4 million, respectively, primarily related to the release of valuation allowance, mentioned above. The Company recorded a discrete tax expense for the three and six months ended June 30, 2025, of $0.2 million and $0.5 million, respectively. The discrete tax expense recorded during the three and six months ended June 30, 2025, contained a $0.3 million an estimated settlement of a foreign tax examination. During the six months ended June 30, 2025, the Italian tax authority initiated a tax examination of the Company’s Italian operations. As of June 30, 2025, the tax examination was closed and the settlement liability was approximately $0.3 million. The Company’s effective tax rates for the three and six months ended June 30, 2026, and 2025 differ from the federal statutory rate of 21% principally as a result of the above-mentioned release of valuation allowance in the three and six months ended June 30, 2026, compared with the valuation allowances maintained against the Company’s deferred tax assets in the three and six months ended June 30, 2025.

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