v3.25.3
Balance Sheet Components (Tables)
9 Months Ended
Sep. 30, 2025
Balance Sheet Related Disclosures [Abstract]  
Schedule of Inventory
Inventory consisted of the following:
(in thousands)
September 30,
2025
December 31,
2024
Raw materials$14,558 $13,639 
Work-in-process15,801 10,743 
Finished goods7,273 2,126 
Inventory$37,632 $26,508 
Schedule of Property and Equipment, Net
Property and equipment, net consisted of the following:
(in thousands)
September 30,
2025
December 31,
2024
Building and building improvements$109,242 $111,444 
Manufacturing equipment29,470 27,161 
Leasehold improvements27,507 25,673 
Laboratory equipment3,640 3,183 
Construction in progress
3,507 5,778 
Computer equipment and software2,522 2,032 
Furniture and fixtures2,155 1,816 
Total property and equipment178,043 177,087 
Accumulated depreciation(29,172)(21,919)
Property and equipment, net$148,871 $155,168 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following as of September 30, 2025 and December 31, 2024:
(in thousands)
September 30,
2025
December 31,
2024
Accrued taxes9,539 4,288 
Accrued payroll and benefits7,542 9,558 
Accrued professional fees6,354 2,659 
Accrued preclinical and clinical expenses3,423 2,537 
Other current liabilities3,284 2,403 
Accrued inventory994 1,217 
Accrued construction in progress568 5,077 
Accrued litigation settlement— 31,250 
Accrued expenses and other current liabilities
$31,704 $58,989