v3.25.2
Property and Equipment, Net
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and equipment, net Property and equipment, net
The following table shows the components of property and equipment, net (in thousands):
June 30,
2025
December 31,
2024
Laboratory equipment$12,057 $11,639 
Leasehold improvements3,622 3,224 
Building and land7,728 7,763 
Construction in progress1,449 357 
Office and computer equipment1,821 1,495 
Furniture and fixtures2,337 2,198 
Total property and equipment29,014 26,676 
Less: accumulated depreciation(10,662)(8,714)
Property and equipment, net$18,352 $17,962 
Total depreciation expense for the three and six months ended June 30, 2025 was $1.0 million and $1.9 million, respectively. Total depreciation expense for the three and six months ended June 30, 2024 was $0.9 million and $1.6 million, respectively.