v3.26.1
Balance Sheet Components (Tables)
6 Months Ended
Jun. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
Summary of Property and Equipment, Net

Property and equipment, net consists of the following:

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

 

(In thousands)

 

Laboratory equipment

 

$

17,334

 

 

$

19,014

 

Leasehold improvements

 

 

7,787

 

 

 

26,244

 

Computer equipment and software

 

 

1,793

 

 

 

1,893

 

Furniture and fixtures

 

 

560

 

 

 

902

 

Manufacturing equipment

 

 

 

 

 

19,485

 

Construction in progress

 

 

 

 

 

67

 

Total property and equipment

 

$

27,474

 

 

$

67,605

 

Less: accumulated depreciation and amortization

 

 

(24,980

)

 

 

(39,933

)

Total property and equipment, net

 

$

2,494

 

 

$

27,672

 

Summary of Accrued and Other Current Liabilities

Accrued and other current liabilities consist of the following:

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

 

(In thousands)

 

Accrued compensation and related expenses

 

$

3,882

 

 

$

6,013

 

Accrued research and development expenses

 

 

2,537

 

 

 

1,651

 

Accrued taxes

 

 

529

 

 

 

277

 

Accrued professional services

 

 

242

 

 

 

718

 

Other current liabilities

 

 

324

 

 

 

176

 

Total accrued and other current liabilities

 

$

7,514

 

 

$

8,835

 

Summary of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

 

(In thousands)

 

Prepaid expenses

 

$

3,485

 

 

$

4,014

 

Other current assets

 

 

4,067

 

 

 

1,025

 

Total prepaid expenses and other current assets

 

$

7,552

 

 

$

5,039