v3.26.1
Property and Equipment (Tables)
8 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Components of Property and Equipment, Net

The following table summarizes the components of property and equipment, net for each of the periods indicated (in thousands):

 

 

As of

 

As of April 30,

 

 

December 31, 2025

 

2025

 

2024

Leasehold improvements

 

$

3,454

 

$

3,091

 

$

2,859

Equipment

 

 

2,866

 

 

2,660

 

 

2,409

Furniture & fixtures

 

 

1,646

 

 

571

 

 

402

Software and computer equipment

 

 

442

 

 

413

 

 

269

Total property and equipment at cost

 

 

8,408

 

 

6,735

 

 

5,939

Less: Accumulated depreciation

 

 

(5,374)

 

 

(4,747)

 

 

(3,712)

Property and equipment, net

 

$

3,034

 

$

1,988

 

$

2,227