Quarterly report [Sections 13 or 15(d)]

Income Taxes

v3.26.1
Income Taxes
 3 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s provision for income taxes as a percentage of pre-tax loss (“effective tax rate”) is based on a current estimate of the annual effective income tax rate, adjusted to reflect the impact of discrete items. In accordance with ASC 740 Accounting for Income Taxes, jurisdictions forecasting losses that are not benefited due to valuation allowances are not included in the Company’s forecasted effective tax rate.
Three Months Ended June 30,
2026 2025
Loss before taxes $ (9,041) $ (16,197)
Income tax expense (benefit) 2,288  (2,093)
Effective tax rate (25.3) % 12.9  %
Differences between the tax provision and the statutory tax rate for three months ended June 30, 2026 and 2025 are primarily related to foreign tax rate differences and a valuation allowance on loss from operations.