v3.25.3
Property and Equipment (Tables)
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Summary of Property and Equipment

Property and equipment consisted of the following as of September 30, 2025 and December 31, 2024 (in thousands):

 

 

 

September 30,
2025

 

 

December 31,
2024

 

Lab and office equipment under finance right-of-use asset

 

$

8,802

 

 

$

7,773

 

Lab equipment

 

 

11,388

 

 

 

10,526

 

Computer equipment

 

 

966

 

 

 

966

 

Furniture & fixtures

 

 

3,414

 

 

 

3,255

 

Leasehold improvements

 

 

42,913

 

 

 

44,010

 

Assets not yet in service

 

 

 

 

 

 

Total property and equipment

 

 

67,483

 

 

 

66,530

 

Less accumulated depreciation

 

 

(22,355

)

 

 

(16,073

)

Property and equipment, net

 

$

45,128

 

 

$

50,457