v3.26.1
Property and equipment, net
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and equipment, net

5. Property and equipment, net

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

 

 

March 31,

 

 

December 31,

 

 

2026

 

 

2025

 

Laboratory equipment

$

12,335

 

 

$

12,149

 

Computer equipment

 

138

 

 

 

81

 

Computer software

 

216

 

 

 

216

 

Office equipment & furniture

 

625

 

 

 

520

 

Leasehold improvements

 

5,105

 

 

 

167

 

Assets under construction

 

3,073

 

 

 

7,007

 

Total property and equipment

 

21,492

 

 

 

20,140

 

Less: Accumulated depreciation and amortization

 

(6,197

)

 

 

(5,545

)

Property and equipment, net

$

15,295

 

 

$

14,595

 

 

The Company recorded depreciation expense of $0.7 million and $0.5 million for the three months ended March 31, 2026 and 2025, respectively.