v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net

6. Property and Equipment, net

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

 

 

 

Useful life
(in years)

 

June 30,
2026

 

 

December 31,
2025

 

Leasehold improvements

 

Lesser of useful life or lease term

 

$

28,598

 

 

$

28,422

 

Laboratory equipment

 

3

 

 

13,771

 

 

 

13,725

 

Furniture and fixtures

 

3

 

 

802

 

 

 

802

 

Construction in progress

 

—

 

 

12

 

 

 

198

 

Computer equipment

 

3

 

 

320

 

 

 

319

 

Software

 

3

 

 

453

 

 

 

453

 

 

 

 

 

 

43,956

 

 

 

43,919

 

Less: Accumulated depreciation and amortization

 

 

 

 

(29,928

)

 

 

(27,387

)

Property and equipment, net

 

 

 

$

14,028

 

 

$

16,532

 

Depreciation and amortization expense was $1.2 million and $1.6 million for the three months ended June 30, 2026 and 2025, respectively. Depreciation and amortization expense was $2.5 and $3.3 million for the six months ended June 30, 2026 and 2025, respectively.