v3.26.1
Balance Sheet Components (Tables)
3 Months Ended
Mar. 31, 2026
Balance Sheet Related Disclosures [Abstract]  
Schedule of Property and Equipment, Net

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

 

 

 

March 31,
2026

 

 

December 31,
2025

 

Lab equipment

 

$

25,909

 

 

$

25,909

 

Engineering equipment

 

 

14,843

 

 

 

14,843

 

Leasehold improvements

 

 

120,588

 

 

 

120,588

 

Motor vehicles

 

 

19

 

 

 

101

 

Furniture, fittings & office equipment

 

 

5,150

 

 

 

5,150

 

Computer equipment

 

 

13,062

 

 

 

12,970

 

Software

 

 

5,627

 

 

 

5,627

 

Construction in progress

 

 

963

 

 

 

624

 

 

 

186,161

 

 

 

185,812

 

Less: accumulated depreciation

 

 

(48,094

)

 

 

(42,914

)

Total property and equipment, net

 

$

138,067

 

 

$

142,898

 

 

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

 

 

 

March 31,
2026

 

 

December 31,
2025

 

Accrued compensation expenses

 

$

11,207

 

 

$

24,868

 

Accrued clinical expenses

 

 

9,128

 

 

 

6,518

 

Accrued expenses related to purchase of IPR&D

 

 

102

 

 

 

102

 

Accrued vendor expenses

 

 

8,700

 

 

 

11,300

 

Current portion of early exercised options and
   restricted common stock liability

 

 

 

 

 

35

 

Other accrued expenses

 

 

182

 

 

 

1,475

 

Total accrued expenses and other current liabilities

 

$

29,319

 

 

$

44,298