v3.26.1
Property and Equipment, Net
 3 Months Ended
Mar. 31, 2026
Property and Equipment, Net  
Property and Equipment, Net

4. Property and Equipment, Net

Property and equipment, net consists of the following as of March 31, 2026 and December 31, 2025:

 

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Laboratory equipment

 

$

 

6,943

 

 

$

 

6,381

 

Furniture and fixtures

 

 

 

681

 

 

 

 

681

 

Leasehold improvements

 

 

 

5,124

 

 

 

 

5,124

 

Construction in process

 

 

 

29

 

 

 

 

459

 

Total property and equipment

 

 

 

12,777

 

 

 

 

12,645

 

Less: accumulated depreciation

 

 

 

(9,097

)

 

 

 

(8,753

)

Property and equipment, net

 

$

 

3,680

 

 

$

 

3,892

 

 

The Company recognized depreciation and amortization expense related to property and equipment of $0.3 million and $0.5 million for the three months ended March 31, 2026 and 2025, respectively.