v3.25.4
Property and equipment, net
12 Months Ended
Dec. 31, 2025
Property and equipment, net.  
Property and equipment, net

5. Property and equipment, net

Property and equipment, net consists of the following:

As of December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

 

(in thousands)

Laboratory equipment

$

20,915

$

20,339

Leasehold improvements

6,850

6,487

Furniture and office equipment

 

2,439

 

2,334

Other

2,083

 

1,112

Total property and equipment

 

32,287

 

30,272

Less: accumulated depreciation

 

(19,151)

 

(15,958)

Property and equipment, net

$

13,136

$

14,314

The Company recorded $4.1 million, $4.7 million, and $4.4 million in depreciation expense during the years ended December 31, 2025, 2024, and 2023, respectively.