Quarterly report [Sections 13 or 15(d)]

EFFECTIVE INCOME TAX RATE

v3.25.1
EFFECTIVE INCOME TAX RATE
3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
EFFECTIVE INCOME TAX RATE EFFECTIVE INCOME TAX RATE
The Company’s effective income tax rate of approximately (8.0)% and 2.3% for the three months ended March 31, 2025 and 2024, respectively, differed from the federal statutory rate primarily due to the geographical mix of earnings, the valuation allowance maintained against certain deferred tax assets, and nondeductible stock-based compensation.