v3.26.1
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
Lab equipment$55,586 $41,728 
Office equipment6,883 6,330 
Furniture and fittings2,651 2,359 
Leasehold improvements15,762 14,116 
Assets under construction27,075 19,638 
Less: accumulated depreciation(44,394)(34,618)
Total Property and Equipment, Net$63,563 $49,553 
Depreciation expense recorded for the years ended December 31, 2025 and 2024 was $8.3 million and $7.6 million, respectively.