Balance Sheet Components

6 Months Ended

Jun. 30, 2026

Balance Sheet Related Disclosures [Abstract]

Property and Equipment, net

Property and equipment, net consists of the following (in thousands). Depreciation expenses were $2.7 million and $2.9 million for the three months ended June 30, 2026 and 2025, respectively, and $5.4 million and $5.7 million for the six months ended June 30, 2026 and 2025, respectively, in the Company's unaudited condensed consolidated statement of operations.


	Useful life (in years)	June 30, 2026		December 31, 2025
Leasehold improvements	8 - 12	$	56,257	$	56,180
Laboratory equipment	5	41,216		40,961
Furniture and fixtures	5	2,890		2,836
Computer equipment	3	2,692		2,689
Construction in progress	N/A	—		114
Property and equipment, gross		103,055		102,780
Less: accumulated depreciation		(52,625)		(47,160)
Total property and equipment, net		$	50,430	$	55,620

Accrued and Other Liabilities

Accrued and other liabilities consist of the following (in thousands):


	June 30, 2026		December 31, 2025
Research and development expenses	$	35,465	$	35,299
Payroll and related expenses	13,957		28,724
Excess funds payable under grant agreements	1,832		1,825
Operating lease liabilities, current	9,137		8,798
Other professional and consulting expenses	9,009		3,327
Other accrued expenses	7,807		5,039
Total accrued and other liabilities	$	77,207	$	83,012