v3.26.1
Property and equipment, net
12 Months Ended
Dec. 31, 2025
Property and equipment, net  
Property and equipment, net

4. Property and equipment, net

Property and equipment, net consisted of the following (in thousands):

December 31, 

December 31,

  ​ ​ ​

2025

  ​ ​ ​

2024

Laboratory equipment

$

17,564

$

14,658

Leasehold improvements

 

12,031

 

10,903

Finance lease right-of-use assets

1,106

1,033

Computer equipment and software

 

634

 

581

Furniture and office equipment

 

864

 

1,290

 

32,199

 

28,465

Less: Accumulated depreciation and amortization

 

(26,178)

 

(18,949)

$

6,021

$

9,516

Depreciation and amortization expense was $6.4 million, $7.2 million and $6.5 million for the years ended December 31, 2025, 2024 and 2023, respectively. Depreciation and amortization expense for the years ended December 31, 2025, 2024 and 2023 included amortization expense of $0.2 million, $0.1 million and zero, respectively, related to property and equipment obtained under finance leases.