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

The Company’s property and equipment, net, consist of (in thousands):

 

   March 31, 2026   December 31, 2025 
Computer and lab equipment  $17,463   $13,070 
Network equipment   47    35 
Furniture and fixtures   150    99 
Software   686    374 
Leasehold improvements   2,421    2,303 
Construction in progress   200    
-
 
Total cost of property and equipment   20,967    15,881 
Accumulated depreciation   (4,025)   (2,910)
Property and equipment, net  $16,942   $12,971 

The Company recorded depreciation expense of $1.1 million and $0.2 million during the three months ended March 31, 2026 and 2025, respectively, using useful lives of the Company’s long-lived assets as follows:

 

    Estimated
Useful
Life
(Years)		  
Computer and lab equipment   5  
Network equipment   4  
Furniture and fixtures   7  
Software   3  
Leasehold improvements   Lessor of lease term or 5