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Property and Equipment, net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consisted of the following (in thousands):
December 31,
20252024
Leasehold improvements$1,920 $1,854 
Laboratory equipment1,575 1,461 
Furniture & fixtures852 722 
Total property and equipment4,347 4,037 
Less: accumulated depreciation(2,122)(1,571)
Property and equipment, net$2,225 $2,466 
Depreciation expense was $0.6 million and $0.7 million for the years ended December 31, 2025 and 2024, respectively.