v3.26.1
Property and Equipment, net
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, net

5. Property and equipment, net

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

 

 

December 31,
2025

 

 

December 31,
2024

 

Laboratory equipment

 

$

27,022

 

 

$

25,041

 

Computer hardware and software

 

 

1,388

 

 

 

1,256

 

Furniture and fixtures

 

 

1,402

 

 

 

1,099

 

Leasehold improvements

 

 

23,669

 

 

 

22,387

 

Construction in process

 

 

118

 

 

 

64

 

Total property and equipment, at cost

 

$

53,599

 

 

$

49,847

 

Less: accumulated depreciation

 

 

(27,613

)

 

 

(20,364

)

Property and equipment, net

 

$

25,986

 

 

$

29,483

 

 

Depreciation expense for the years ended December 31, 2025 and 2024 was $8.4 million and $8.1 million, respectively.